Hopscotch Ltd v HMRC

Citation:

[2020] STC 2313

Judgment Date:

29 October 2020

(Upper Tribunal considered whether the redevelopment of residential property was part of a property development trade for the Annual Tax on Enveloped Dwellings (ATED). 

The UT decision contains an evaluation of the “badges of a trade” and the distinction between an investment company and a trading company.