Lexis PSL case analysis published “FTT considers two cases on the income tax implications of deferred profits in a partnership (Odey Asset Management and others v HMRC; HFFX and others v HMRC)

Sarah Black provides a case analysis of the recent FTT decisions in Odey Asset management and HFFX which concern whether certain profits should have taxable as an allocated partnership share, miscellaneous income, or the sale of occupational income.

The Analysis can be found here.