Case Law

These appeals concern amended Schedule D assessments which disallowed tax losses arising to a collective. Participation in the collective was determined to be in the nature of an investment rather than a trade and the Appellants’ claim that section 812 TCA gave rise to a loss was also rejected. 28TACD2020 to 59TACD2020

Whether the taxpayer was carrying on a trade of investment in financial instruments and securities through his involvment in a syndicate. Thornton v Revenue [2022] IEHC 396