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Company trading status, non–trading activities insubstantial – Potter v HMRC

In Potter v HMRC, the FTT found that the appellants were entitled to entrepreneurs’ relief (ER) on the winding up of their company, disagreeing with HMRC’s finding that they were not so entitled on the basis that it was not a trading company or the holding company of a trading group.

Source: proskauer.com

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