IBAs decision could support loss relief claims

A tribunal decision that a laundry was a commercial building in an enterprise zone for the purpose of a claim to industrial buildings allowances may improve the chances of a successful loss relief claim in cases where the taxpayer’s aim is to cover costs, tax experts have suggested.

In this month’s edition of TAXtv, Tim Good and Giles Mooney noted that in HMRC v David Thomson [2014] UKUT 0360 (TCC) the Upper Tribunal dismissed HMRC’s appeal against a decision of the First-tier Tribunal that industrial buildings allowances were available for the cost of construction of a building procured by Lanarkshire Primary Care NHS Trust for use as a laundry.

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