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.

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