The Resource Aggressive challenge : loss claims under attack

Aggressive challenge : loss claims under attack

Label
Aggressive challenge : loss claims under attack
Title
Aggressive challenge : loss claims under attack
Creator
Subject
Language
eng
Summary
This article considers trading with a view to profit following the Glapwell Football Club case. In this case the taxpayer, Glapwell Football Club Ltd, submitted returns claiming losses which it wished to use by way of group relief to its holding company, Denticheck. HMRC refused on the ground that the football club business was not being carried on commercially (CTA 2010 s 44). This example shows that it is imperative to demonstrate via business plans that the trading activity could make profit in order for a loss claim to succeed
Citation source
In: Tax adviser. - Sutton. - (March 2014) ; p. 44-45
http://library.link/vocab/creatorName
Butler, J
Geographic coverage
  • Europe
  • European Union
Language note
English
http://library.link/vocab/subjectName
  • loss relief
  • group treatment
  • case law
Label
Aggressive challenge : loss claims under attack
Instantiates
Publication
Label
Aggressive challenge : loss claims under attack
Publication

Library Locations

    • IBFD Library AmsterdamBorrow it
      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.37366609999999 4.9336932
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