The Vaccine Research Limited Partnership and Patrick Lionel Vaughan v The Commissioners for HM Revenue and Customs and The Commissioners for HM Revenue and Customs v The Partnership and Mr Vaughan: [2014] UKUT 0389 (TCC)
Upper Tribunal Tax and Chancery decision of Mr Justice Sales and Judge Ghosh on 2 September 2014.
Read the full decision in .
Capital allowances 鈥� expenditure on research and development 鈥� whether partnership trading 鈥� quantum of expenditure incurred on research and development 鈥� whether trade conducted on a commercial basis 鈥� location of partnership鈥檚 trade 鈥� income tax relief for interest incurred on borrowings to fund partnership capital 鈥� deductibility of fee incurred by partnership in consideration for services 鈥� whether wholly and ordinarily incurred for the purpose of the partnership鈥檚 trade.
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Published 1 December 2016