HMRC wins Court of Appeal 'justifiable discrimination' ruling on IHT relief

Mark Battersby
clock • 2 min read

No UK inheritance tax relief for donations to UKIP is 'justifiable discrimination', tax database Rossmartin has said in a briefing note explaining the Court of Appeal case.  In Arron Banks v HMRC [2021] EWCA Civ 1439, the Court of Appeal held that donations to UKIP were not eligible for Inheritance Tax relief. They confirmed there was discrimination under EU law, but as HMRC had proved, this was justifiable and relief must be denied. Gifts made to political parties are exempt from Inheritance Tax (IHT) under s.24 IHTA 1984 subject to certain conditions being met by the party. Ba...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login

More on Taxation