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Appointment of receiver prevented group relief (Farnborough v HMRC)

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Published on: 23 June 2016
Published by a LexisNexis Tax expert

Table of contents

  • Original news
  • What was this case about?
  • What did the tribunal decide?
  • Arrangements
  • Control
  • Statutory interpretation
  • What should tax lawyers take note of?

Article summary

Tax analysis: The First-tier Tax Tribunal (FTT) dismissed the taxpayers’ appeal against HMRC’s decision that a company in receivership was unable to surrender losses to them by way of group relief because the receiver’s appointment severed the company from the loss relief group.

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Jurisdiction(s):
United Kingdom

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