Tevfik v Revenue and Customs (Income Tax/Corporation Tax : Capital Allowances): FTTTx 24 Sep 2019

Income tax – ss 29 and 36 TMA 1970 – discovery assessment – Capital Allowances Act 2001 – expenditure on ‘plant and machinery’ whether deductible from income derived from HMO lettings – appellant asserted that expenditure claimed was restricted to communal areas – whether such areas formed part of ‘dwelling-house’ and therefore not ‘qualifying expenditure’ – competency issues – whether HMRC correctly raised discovery assessment under ss 29 TMA 1970 – yes – s 29(5) considered – whether assessments appropriate and correct – yes – appeal dismissed and assessments confirmed

Citations:

[2019] UKFTT 600 (TC)

Links:

Bailii

Jurisdiction:

England and Wales

Income Tax

Updated: 09 November 2022; Ref: scu.644013