Read the full decision in
Income Tax- ITTOIA 2005- effect of partial surrenders of insurance policies by
individual- did claimant make a mistake for which rectification is available? Yes.
Should s. 539 of ITTOIA or s. 50 of TMA 1970 be read so as to remove restrictions
on deficiency relief or to reduce the tax payable? No. Can the FTT entertain the
public law issues? No.
Published 1 December 2016