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Income tax – Profits. In dismissing the taxpayer's appeal, the Upper Tribunal (Tax and Chancery Chamber upheld the decision of the First-tier Tribunal (Tax Chamber) that the profit of £2.21m realised by the taxpayer following the sale in the market of a floating-rate promissory note was profit of an income nature, subject to income tax in the taxpayer's hand, under Case III of Sch D to the Income and Corporation Taxes Act 1988.
Income tax – Profits. In dismissing the taxpayer's appeal, the Upper Tribunal (Tax and Chancery Chamber upheld the decision of the First-tier Tribunal (Tax Chamber) that the profit of £2.21m realised by the taxpayer following the sale in the market of a floating-rate promissory note was profit of an income nature, subject to income tax in the taxpayer's hand, under Case III of Sch D to the Income and Corporation Taxes Act 1988.
Sam Townend KC explains the Bar Council’s efforts towards ensuring a bright future for the profession
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Louise Crush explores the key points and opportunities for tax efficiency
Westgate Wealth Management Ltd is a Partner Practice of FTSE 100 company St. James’s Place – one of the top UK Wealth Management firms. We offer a holistic service of distinct quality, integrity, and excellence with the aim to build a professional and valuable relationship with our clients, helping to provide them with security now, prosperity in the future and the highest standard of service in all of our dealings.
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Sam Townend KC explains the Bar Council’s efforts towards ensuring a bright future for the profession
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