Chris Bates and Judy Harrison review the impact of the decision in Samarkand, in which the First-tier Tribunal decided that a film leasing partnership which entered into a sale and leaseback was not trading. The view of the Tribunal on when expenses are deductible for tax purposes potentially affects all UK corporate taxpayers.
.tmb-editorspic.jpg?sfvrsn=c9a7a0cc_1)
