SCIT Corporation tax – Profits – Capital or income expenditure – Acquisition of taxpayer company’s first business – Whether lump sum payment to the vendor of business assets to secure right that minimum amounts of business be offered by vendor annually over seven year period was deductible as revenue expense or disallowed as capital payment – Appeal dismissed
Citations:
[2006] UKSPC SPC00519
Links:
Corporation Tax
Updated: 05 July 2022; Ref: scu.240285
