Valyrian Bloodstock Limited v Revenue and Customs: FTTTx 25 Aug 2022

Enterprise Investment Scheme – risk-to-capital condition in section 157A(1)(a)ITA 07 – whether at the date of issue the appellant had objectives to grow and develop its trade in the long-term – whether the appellant exists wholly for the purpose of carrying on a qualifying trade – no – appeal dismissed

Citations:

[2022] UKFTT 306 (TC)

Links:

Bailii

Jurisdiction:

England and Wales

Income Tax

Updated: 13 September 2022; Ref: scu.680704