Income Tax: LLPs' expenditure: for the purposes of a trade | Practical Law

Income Tax: LLPs' expenditure: for the purposes of a trade | Practical Law

The First-tier Tribunal has held that limited liability partnerships engaged in film and video game finance were not entitled to deduct the full amount of the losses that they had claimed.

Income Tax: LLPs' expenditure: for the purposes of a trade

Practical Law UK Articles 8-633-7983 (Approx. 3 pages)

Income Tax: LLPs' expenditure: for the purposes of a trade

by Norton Rose Fulbright LLP
Published on 29 Sep 2016United Kingdom
The First-tier Tribunal has held that limited liability partnerships engaged in film and video game finance were not entitled to deduct the full amount of the losses that they had claimed.