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Decision Number: |
TC 03314 |
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Appellant:
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Eoghan Flanagan
Christopher David Moyles
Allan Stennett
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Respondent:
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The Commissioners for Her Majesty's Revenue & Customs |
Chairmen / Special
Commissioners: |
Colin BISHOPP
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Date Of Decision:
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10/02/2014 |
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Main Category:
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INCOME TAX/CORPORATION TAX |
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Main Subcategory:
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Exemptions and reliefs |
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Notes:
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INCOME TAX — loss relief — admitted avoidance scheme — whether trade
existed — no — if existed, when begun — whether manufactured payment
representative of overseas dividend — no — whether payment an incidental cost of
obtaining finance — no — scheme unsuccessful — whether if scheme succeeded it
would fail on Ramsay principles — yes — appeals dismissed |
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Decision(s) to Download:
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TC03314.cash flows.pdf 
TC03314.pdf
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