.png)
.png)
An outrageously unfair result
Key points
- Joost Lobler incurred a massive tax bill on partial surrenders on life insurance products through making the wrong choice.
- The Upper Tribunal allowed his appeal on grounds of rectification.
- Rather than change the wording of ITTOIA 2005 s 507 a new provision was inserted.
- Taxpayers have to write to HMRC asking for a recalculation.
There is no equity about a tax. This hard-edged sentiment from the judgment of Rowlatt J in Cape Brandy Syndicate v...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
