UKFTT 137 (2009) Dawsongroup Limited v HMRC

Costs of de-listing not allowable - HMRC won

Case Summary:

The Company was quoted on the Stock Exchange. It incurred costs of de-listing of and the issue was whether they were allowable. Also decided was whether the company was an investment company within ICTA 1988 s 130 and whether the costs were expenses of management within ICTA1988 s 75 . The Company lost on all these points.