Supreme Court disallows investment company’s expenditure on advisory services relating to the sale of a subsidiary because it was capital in nature (Centrica Overseas Holdings v HMRC)

Published on: 17 July 2024

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Specialist Tax Regulatory Materials

Article summary

The Supreme Court dismissed the taxpayer’s appeal, deciding that the expenditure on advisory services relating to the sale of a subsidiary was capital in nature. As well as outlining a summary of the decision, this News Analysis also contains commentary from Helen McGhee, partner at Joseph Hage Aaronson LLP.

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

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