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UT upholds FTT decision that ‘half-baked’ property transactions do not constitute a trade (Foundation Partners v HMRC)

Published on: 04 July 2022
Published by: LexisNexis
  • UT upholds FTT decision that ‘half-baked’ property transactions do not constitute a trade (Foundation Partners v HMRC)
  • Why it matters
  • Case details

Article summary

Tax analysis: In Foundation Partners, the Upper Tribunal (UT) dismissed the general partnership’s appeal against the decision of the First-tier Tax Tribunal (FTT) that its activities as carried out in the 2008–09 tax year did not constitute a trade. or take a trial to read the full analysis.

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