- Tax avoidance motive can affect nature of transactions (Clavis Liberty 1 LP v HMRC)
- Original News
- What happened in this case?
- Why it matters?
Tax analysis: The First-tier Tax Tribunal (FTT) has dismissed the taxpayer’s appeal in respect of a claim for a trading loss that arose as part of a tax avoidance scheme. The FTT gave consideration to the application of the Ramsay doctrine and the question of whether the existence of a tax avoidance motive can convert what is, on all other measures, a trade into something that is not a trade.
Sign in or take a trial to read the full analysis.
To continue reading this news article, as well as thousands of others like it, sign in to LexisPSL or register for a free trial