LON (88/498)

No. 3491

Decision given 13 April 1989.

Assessment – Whether appellant entitled to claim input tax on buying and training of two race horses – Finance Act 1972, sec. 2(2)(b).

  The issue was whether the appellant was liable for an assessment in the sum of £5,305.60 on the appellant’s disallowed claim to deduct input tax on the acquisition and training of two race horses.

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