.png)
.png)
Eight essential tax cases
KEY POINTS
- “Wholly and exclusively” continues to be of fundamental importance.
- Tax mitigation is not tax avoidance and it is worthwhile remembering the difference between the two.
- When considering tax reliefs associated with a trade establish whether a trade is being carried on.
- Consider the purpose of the relevant statutory provisions and their application to the transaction in question.
- Remember record-keeping and statutory compliance basics.
If a tax barrister was asked to name some cases that every accountant and tax adviser should know I would not expect them to have too much trouble providing a list.
If 10 barristers were asked the same question the combined list would probably run into three figures.
On reflection perhaps it would be better to ask several barristers to each name...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
