Nicholas Powell v The Commissioners for HMRC
| Judge | GILL HUNTER |
| Judgment Date | 09 May 2025 |
| Neutral Citation | [2025] UKFTT 528 (TC) |
| Year | 2025 |
| Court | First-tier Tribunal (Tax Chamber) |
| Counsel | Mr Scott Redpath Of Counsel,For |
| Date | 09 May 2025 |
Neutral Citation: [2025] UKFTT 00528 (TC)
Case Number: TC09518
FIRST-TIER TRIBUNAL
TAX CHAMBER
Taylor House, London
Appeal reference: TC/2024/00354
INCOME TAX – section 415 Income Tax (Trading and Other Income) Act 2005 - whether,
pursuant to deed of novation, there had been a release or repayment of participator loan –
appeal REFUSED
Heard on: 29 and 30 April 2025
Judgment date: 9 May 2025
Before
TRIBUNAL JUDGE AMANDA BROWN KC
GILL HUNTER
Between
NICHOLAS POWELL
Appellant
and
THE COMMISSIONERS FOR HIS MAJESTY’S REVENUE AND CUSTOMS
Respondents
Representation:
For the Appellant:Mr Scott Redpath of Counsel instructed by Hazelwoods LLP
For the Respondents: Miss Sarah Marsden litigator of HM Revenue and Customs’
Solicitor’s Office
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