|
Decision Number: |
TC 03545 |
|
Appellant:
|
Acornwood LLP
Bastionspark LLP
Edgedale LLP
Starbrooke LLP
Hawksbridge LLP |
|
Respondent:
|
The Commissioners for Her Majesty's Revenue & Customs |
Chairmen / Special
Commissioners: |
Colin BISHOPP
|
|
Date Of Decision:
|
07/05/2014 |
|
Main Category:
|
INCOME TAX/CORPORATION TAX |
|
Main Subcategory:
|
Exemptions and reliefs |
|
Notes:
|
INCOME TAX — loss relief — arrangements for exploitation of intellectual property rights —
whether first-year losses incurred — whether large part of money used for exploitation of rights or for
purchase of guaranteed income stream — guaranteed income stream — whether remainder used
within first accounting period and allowable loss in that year — whether capital or income payments
— Icebreaker 1 considered — arrangements essentially a tax avoidance scheme — appeals against
closure notices substantially dismissed
REFERENCE — TMA s 28ZA — whether partnerships’ trade commercial —
no — whether members non-active — yes — whether Restrictions Regulations apply
— no, as none of conditions satisfied — whether ITA s 74ZA applies to later iteration
— yes |
|
Decision(s) to Download:
|
TC03545.pdf 
|
