Hotel La Tour – FTT decides that VAT on professional fees in connection with a share sale is recoverable as input tax

In Hotel La Tour Ltd v HMRC [2021] UKFTT 451 (TC), the FTT held that VAT incurred by a seller, Hotel La Tour Ltd (HLT), on professional fees in connection with the sale of its subsidiary, Hotel La Tour Birmingham Ltd (Target), was recoverable as input tax.

Source: rpc.co.uk