[2026] UKUT 00305 (TCC) FC SHIPPING LIMITED (1) FB SHIPPING LIMITED (2) v HMRC
Upper Tribunal Tax and Chancery decision of Judge T.Scott and Judge Brown on 7 August 2026.
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CAPITAL ALLOWANCES – Tonnage tax – financing structure for the purchase and lease of ships to companies within the tonnage tax regime – whether lessors failed to qualify for capital allowances as a result of statutory provisions relating to the de-risking of ship leases – yes – appeal dismissed
Updates to this page
Published 7 August 2026