INDEPENDENT CAPITAL ALLOWANCES SPECIALISTS

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Definition of what Constitutes Qualifying Expenditure for BPRA Claims

LONDON LUTON HOTEL BPRA PROPERTY FUND LLP V THE COMMISSIONERS FOR HMRC

FIRST TIER TRIBUNAL TAX CHAMBER

This is a significant case heard by the First Tier Tribunal
(FTT) concerning a BPRA claim and the definition of qualifying expenditure ‘on
or in connection with’.  HMRC have
typically considered that BPRA claims often include items of expenditure that
they deem […]

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