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Page last updated at 09:22 GMT, Thursday, 11 October 2012 10:22 UK

McLaren 49m 'cheat' fine is tax deductible


The British Formula One motor racing team McLaren has successfully argued that a £49m fine it had to pay for cheating is tax deductible.

The BBC's sports correspondent Gordon Farquhar and Julian Hedley, partner at chartered accountants Saffery Champness, examine why McLaren say the fine should be offset against its other tax liabilities.

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