CASES

Unilateral relief: In Aozora GMAC Investment Ltd v HMRC [2022] UKUT 258 (TCC) (23 September), the UT agreed with the FTT’s decision that the relevant legislation at the time, ICTA 1988 s 793A(3) (now found in TIOPA 2010 s 11(3)), did not prevent the...

Court of Appeal reverses UT decision on trustees’ business asset disposal relief

FTT erred in approach to determining value of benefit

Intra-group payment services were exempt

Application to set aside FTT decision

Intra group disposals of capital assets and intangible fixed assets

Outsourced primary healthcare to prisons not taxable supply

VAT payable on break fee

No remittances to the UK arose from indemnity transactions 

Capital loss claims formed part of tax return