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United Kingdom Upper Tribunal (Tax and Chancery Chamber)
You are here: BAILII >> Databases >> United Kingdom Upper Tribunal (Tax and Chancery Chamber) >> Revenue & Customs v Vaines [2016] UKUT 2 (TCC) (28 January 2016)
URL: http://www.bailii.org/uk/cases/UKUT/TCC/2016/2.html
Cite as: [2016] STC 1201, [2016] STI 239, [2016] BTC 502, [2016] UKUT 2 (TCC)

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#Revenue & Customs v Vaines [2016] UKUT 2 (TCC) (28 January 2016)


PARTNERSHIP – whether a member of a limited liability partnership was entitled to deduct a payment of €300,000 (£215,455) to settle German litigation in computing his liability to tax on his share of LLP profits – whether the payment was an expense incurred wholly and exclusively for the purposes of the LLP’s trade or of the individual member’s ‘notional’ trade – whether the payment was revenue or capital expenditure

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URL: http://www.bailii.org/uk/cases/UKUT/TCC/2016/2.html