FTTTx Income tax – Closure Notice and Discovery Assessments – Sections 28B and 30B Taxes Management Act 1970 – Capital Allowances Act 2001 Sections 83 and 84 – whether cost of cars purchased by Appellant and provided to mini cab drivers for hire should be treated as fixed assets giving rise to capital allowances and not revenue items treated as stock – yes – appeal dismissed
[2016] UKFTT 752 (TC)
Bailii
England and Wales
Income Tax, Taxes Management
Updated: 26 January 2022; Ref: scu.571855
