TAXtv: Property tax and partnership loan pitfalls

What is the difference between an investment and a business under the tax system? And why might entering a commercial relationship with a closed company saddle you with someone else's debt?

Theses were two of the subjects discussed by Giles Mooney and Tim Good in the June issue of TAXtv.

In Elisabeth Moyne Ramsay v the commissioners for HMRC (UKUT 0226), the upper tribunal overturned a decision...

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