United Kingdom Upper Tribunal (Tax and Chancery Chamber) 28 January 2016, [2016] UKUT 2 (TCC) (The Commissioners for Her Majesty’s Revenue and Customs v Peter Vaines)

[2016] UKUT 0002 (TCC) Appeal number: FTC/05/2014 PARTNERSHIP – whether a member of a limited liability partnership was entitled to deduct a payment of €300,000 (£215,455) to settle German litigation in computing his liability to tax on his share of LLP profits – whether the payment was an expense incurred wholly and exclusively for the purposes of the LLP’s trade or of the individual member’s