Patrick Degorce v The Commissioners for HM Revenue and Customs: [2015] UKUT 0447 (TCC)

Upper Tribunal Tax and Chancery decision of Mr Justice Hildyard and Judge Bishopp on 24 August 2015.

• From: HM Courts & Tribunals Service and Upper Tribunal (Tax and Chancery Chamber)
• Published: 1 December 2016

• Category: Tax
• Release date: 24 August 2015

Read the full decision in Patrick Degorce v The Commissioners for HM Revenue and Customs: [2015] UKUT 0447 (TCC).

INCOME TAX — whether taxpayer carried on a trade — if so whether trade commercial — whether carried on with a view to profit — whether GAAP correctly applied — whether expenditure incurred wholly and exclusively for purposes of trade — First-tier Tribunal deciding all issues against taxpayer — whether findings should be upheld — yes — appeal dismissed.

Published 1 December 2016