Tax Tribunal Case on Conacre Lettings goes in favour of Taxpayer June 2017

The 2016 First Tier Tribunal case of J C Allen v HMRC provides new and important clarification on the fine line between a trading activity and an investment activity for those letting land on conacre arrangements. There is extensive reference to the McClean case which was won by HMRC in 2009 but this case was won by the taxpayer. We have prepared a summary of the findings in this case. Please contact us if you require more information on this.