Undermining commercial reality?
In our continuing series, Heather Self examines tax issues reported in the national media. This week, is it time to review CGT?
A recent AG opinion, if followed, will limit VAT recovery on costs incurred in connection with abortive transactions, writes Laura Hodgson (Travers Smith).
You know what I mean.
More costs are deductible than might previously have been thought, but a high bar is set for holding companies.
The High Court in Chalcot Training Ltd considered whether a payment into an EBT is remuneration or a distribution.
No fixed establishment through parent-subsidiary relationship.