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It was 50 years ago...
KEY POINTS
- Can music provide food for thought for tax?
- Has there been a 20-year anniversary of an option to tax?
- Business structures have important tax implications
- The question of capital or revenue still causes problems.
- When claiming losses ensure there is a commercial trade.
- Differentiating permanent and temporary workplaces.
Readers of a certain age will know that 1 June 2017 marks 50 years ago since Sgt. Pepper taught the band to play. I know there are bigger selling records than the Beatles’ Sgt. Pepper’s Lonely Hearts Club Band and more popular ones but if we are talking about records that set a bar that others wanted to exceed this is it. The NME will criticise it for being twee and perhaps in hindsight it’s not the Beatles LP that you’d take...
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