Tax Tribunal Rules on Personal Expenditures and Loan Write-Off Disputes in James Keighley & Anor v The Commissioners for HMRC
In the case of *James Keighley & Anor v The Commissioners for HMRC*, the Tribunal scrutinizes tax assessments on personal expenditures, loan relationships, and business expenses, exploring deliberate behaviors, connected companies, discovery assessments, and deduction validity under UK tax laws. The outcome establishes criteria for deliberate behavior, connected company distinctions, allowable deductions, procedural correctness, and settlement agreements in tax disputes.
[2024] UKFTT 30 (TC)