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IBAs were available in period of disuse (Shaw v HMRC)

IBAs were available in period of disuse (Shaw v HMRC)
Published on: 04 May 2021
Published by: LexisPSL
  • IBAs were available in period of disuse (Shaw v HMRC)
  • Why it matters
  • Case details

Article summary

Tax analysis: In Shaw v HMRC the Upper Tribunal (UT) held that a limited liability partnership (LLP) was entitled to industrial buildings allowances (IBAs) in respect of buildings which remained unused throughout its period of ownership. or take a trial to read the full analysis.

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