COURT OF APPEAL SENDS LLOYDS CAPITAL ALLOWANCES CASE BACK FOR FTT REVIEW

摘要

The Court of Appeal has set aside the decision of the Upper Tribunal and the First Tier Tribunal (FTT), and has remitted the case to be heard again by the FTT. The case concerns whether capital allowances were available on two ships where the ships were ultimately leased to non-UK resident lessees in R & C Commrs v Lloyds TSB Equipment Leasing (No 1) Ltd [2014] EWCA Civ 1062.