Strathedin Properties Ltd & Anor v Revenue & Customs (INCOME TAX/CORPORATION TAX : Profits) [2018] UKFTT 293 (TC) (05 June 2018)

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You are here: BAILII >> Databases >> First-tier Tribunal (Tax) >> Strathedin Properties Ltd & Anor v Revenue & Customs (INCOME TAX/CORPORATION TAX : Profits) [2018] UKFTT 293 (TC) (05 June 2018)
URL: http://www.bailii.org/uk/cases/UKFTT/TC/2018/TC06523.html
Cite as: [2018] UKFTT 293 (TC)(5 June 2018), [2018] UKFTT 293 (TC)(05 June 2018)

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Decision Number: TC 06523
Appellant: Strathedin Properties Ltd, Mr Humayun Reza
Respondent: The Commissioners for Her Majesty's Revenue & Customs
Chairmen / Special
Commissioners:
Dr Heidi POON
Date Of Decision: 05/06/2018
Main Category: INCOME TAX/CORPORATION TAX
Main Subcategory: Profits
Notes: INCOME AND CORPORATION TAX - connected parties - sale of property below market value - assessments appealed - valuation being the only ground of appeal - matter referred to Lands Tribunal - agreement on valuation before hearing - whether Consent Order on valuation can be characterised as a s 54 TMA agreement; yes - (a) common intention to reach agreement over a particular matter; (b) agreement in relation to the assessments under appeal; (c) agreement competent to fix quantum of assessments and to dispose of substantive matter under appeal - settlement of appeals ensued within the statutory context of -˜like consequences' ¬-“ application to amend grounds of appeal refused
PDF Copy:                                 [2018] UKFTT 293 (TC)


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URL: http://www.bailii.org/uk/cases/UKFTT/TC/2018/TC06523.html