Mark Danvers v The Commissioners for HM Revenue and Customs: [2016]UKUT 0569 (TCC)
Upper Tribunal Tax and Chancery decision of Mrs Justice Rose and Judge Herrington on 10 January 2017.
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INCOME TAX – registered pension scheme – scheme funds invested at member’s direction in preference shares of finance company - finance company lending its assets to third party lender who made loan to scheme member - scheme member obliged as condition of receiving loan to ensure scheme assets remain invested in finance company preference shares - whether loan to scheme member was unauthorised member payment - whether payment made in connection with the investment in the preference shares - ss 161 (3) and (4) Finance Act 2004
Published 14 February 2017