Private client briefing for August 2018

In Lam, the FTT agrees with HMRC that main residence relief is not available for a taxpayer due to insufficient evidence. In Oxbotica Ltd, the FTT rejects HMRC’s argument that there must be a ‘meaningful level of investment’ for a SEIS claim. In Locke, the High Court dismisses a judicial review claim in respect of follower notices and accelerated payment notices issued by HMRC to a taxpayer. In Tager & Anor, the Court of Appeal reviews a UT decision to impose tax-related penalties for failure to provide information.