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:
Jurisdiction:
England and Wales
Income Tax
Updated: 09 November 2022; Ref: scu.644013
