MURTAGH LOSES GOLF LOSS RELIEF CASE

摘要

In the case of Murtagh v Revenue & Customs [2013] UKFTT352 (TC), Mr Murtagh, a pharmacist, had two sons, who were both professional golfers. He submitted tax returns claiming loss relief on the basis that he was carrying on a trade of managing professional golfers.HMRC rejected the claim and the First Tier Tribunal (FTT) considered whether Mr Murtagh was trading and if so, whether the trade was conducted on a commercial basis with a view to the realisation of profits.