Arron Banks v HMRC


Reference:
Banks v HMRC [2020] UKUT 101

Date:
16th April 2020

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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