United Kingdom First-tier Tribunal (Tax) 5 February 2016, TC 04876 (Mr Sehzad Butt v Commissioners for Her Majesty's Revenue and Customs)

[2016] UKFTT 0083 (TC) TC04876 Appeal number:TC/2015/2474 INCOME TAX – business profits - loan used to buy investment property – whether interest a deductible expense – s 34 ITTOIA 2005 FIRST-TIER TRIBUNAL TAX CHAMBER Mr SEHZAD BUTT Appellant - and - THE COMMISSIONERS FOR HER MAJESTY’S REVENUE & CUSTOMS Respondents TRIBUNAL: Judge Peter Kempster Mr Terence Bayliss Sitting in public at Centre