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Upper Tribunal Tax and Chancery Chamber
UT (Tax & Chancery) UT/2023/000079 UT/2023/000109 - [2025] UKUT 00059 (TCC)
Fecha: 20-Nov-2024
Discussion
Discussion
The Appellants submit that the FTT’s decision on the Section 103 Debt Incurred Issue involved two errors of law, each of which is such that, if made out, the Appellants’ appeal should be allowed.
- Heading
- Introduction
- FTT Decision
- Grounds of appeal and cross-appeal
- Appellants’ appeal on section 103 debt incurred issue
- Relevant Legislation
- Decision of the FTT
- Summary of parties’ submissions
- Discussion
- “Debt incurred by”
- “Property derived from”
- HMRC’s cross-appeal
- Property Issues
- Relevant Legislation
- How the Section 102(3) Issue arises in the Property Issues
- Decision of the FTT
- Summary of parties’ submissions
- Discussion on s102(3) Issue
- Section 49/ Rossendale Issue
- Decision of the FTT
- Summary of parties’ submissions
- Discussion
- Section 102 Note Issue
- Conclusions