Reference:
Banks v HMRC [2020] UKUT 101
Court:
Upper Tribunal (Tax and Chancery)
Facts:
Arron Banks’ donations to UKIP gave rise to an Inheritance Tax charge because UKIP was not a qualifying political party, the Upper Tribunal has found.
Comment:
Banks v HMRC [2020] UKUT 101 (TCC) is a decision of the Upper Tribunal concerning whether the strict interpretation of s.24 Inheritance Tax Act 1984 (IHTA) breached Mr Banks’ human rights and constituted a breach of EU law.
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