v Revenue and Customs: FTTTx 30 Nov 2016

FTTTx (Income Tax/Corporation Tax : Penalty) INCOME TAX – Enterprise Investment Scheme relief – withdrawal of relief – whether breach of qualifying condition – ITA 2007 s 173(2)(aa) – whether a preferential right to assets on a winding up is carried during Period B – whether the right is ‘so contingent as not to be meaningful’ – whether the unlikelihood of a winding up relevant – Flix Innovations discussed – appeal dismissed

Citations:

[2016] UKFTT 800 (TC)

Links:

Bailii

Jurisdiction:

England and Wales

Income Tax

Updated: 29 January 2022; Ref: scu.573962