Failure to take pension benefits – Inheritance Tax
UTTC INHERITANCE TAX – whether transfer of funds to a personal pension plan was a transfer of value – Inheritance Tax Act 1984, s 3(1) and s 10 – whether deceased’s omission to take lifetime pension benefits was to be treated as a disposition and transfer of value – s 3(3) IHTA
Barling J
[2017] UKUT 4 (TCC), [2017] STC 574, [2017] BTC 504
Bailii
Inheritance Tax Act 1984 3(3)
England and Wales
Citing:
Appeal from – Parry and Others v Revenue and Customs FTTTx 7-May-2014
INHERITANCE TAX – transfer of funds to personal pension plan while diagnosed with terminal cancer – whether transfer of value – omission to take lifetime benefits – whether disposition and transfer of value – appeal allowed in part . .
Cited by:
Appeal from (UTTC) – Revenue and Customs v Parry and Others CA 16-Oct-2018
Pension Accumulation was taxable
The court was asked whether the pension scheme transfer by the late Mrs R F Staveley, and her omission to take income benefits which were then payable, constituted, or are to be treated as constituting, for the purposes of Inheritance Tax 1984 . .
At UTTC – Revenue and Customs v Parry and Others SC 19-Aug-2020
Whether the pension scheme transfer by the late Mrs Staveley, and her omission to take income benefits which were then payable, constituted, or are to be treated as constituting, for the purposes of the Inheritance Tax 1984 a ‘disposition’ which is . .
Lists of cited by and citing cases may be incomplete.
Inheritance Tax
Updated: 01 November 2021; Ref: scu.577810