The Ingenious Media Group has secured a victory against HMRC in the England and Wales Court of Appeal (EWCA).
The EWCA reversed the Upper Tax Tribunal’s decision in the long-running litigation regarding film investment schemes.
In 2019, the Upper Tribunal ruled that the investment partnerships Inside Track Productions, Ingenious Film Partners 2 and Ingenious Games were not intending to make a profit.
However, the EWCA overturned this decision for Inside Track Produ...