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The Revenue is Right

Robert Maas Blackstone Franks gives us his personal view on Section 660A
I had not intended to join the public debate on section 660A because I know that my view differs from that of the majority of my peers and suspect I risk losing friends by doing so. However a combination of the Editor's persuasiveness and the unprecedented joint press release by six tax and accounting bodies and the FSB has convinced me that the contrarian view ought to at least be heard.
I think that the Revenue is 100% right. I do not think that the Revenue has launched an attack on family business and think that it is unhelpful scare-mongering to suggest so. If it is attacking anything it is tax avoidance and that is a perfectly...

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