*Revenue and Customs Commissioners v Parry and others

Inheritance tax – Exemptions and relief. The appeal of the Revenue and Customs Commissioners (HMRC) against findings of the Upper Tribunal succeeded. The Court of Appeal, Civil Division, held that the pension scheme transfer by S, and her omission to take income benefits that had then been payable, had not constituted for the purposes of the Inheritance Tax Act 1984, a disposition was that a transfer of value in favour of her sons.

Category: