Partners refused tax relief on loan
Language: English Series: Daily Telegraph ; 21/11/88 p24Publication details: 1988Subject(s): Summary: In R v Inspector of Taxes , ex parte Brumfield , QB 26 October 1988, it was held that tax relief was not available for interest paid on money borrowed by a partnership and made available free of interest to one partner to buy land in his own name.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB2447-47 (Browse shelf(Opens below)) | 1 | Available | 2196-1001 |
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In R v Inspector of Taxes , ex parte Brumfield , QB 26 October 1988, it was held that tax relief was not available for interest paid on money borrowed by a partnership and made available free of interest to one partner to buy land in his own name.