Bingham v Revenue and Customs: FTTTx 11 Feb 2013

FTTtx INCOME TAX – whether interest earned on joint account in names of taxpayer and family members all properly to be assessed on taxpayer alone as the provider of the funds -yes; resulting trust; settlements legislation; s.29 TMA 1970 – out of time assessments set aside; penalties inappropriate- no negligence.

Hacking TJ
[2013] UKFTT 110 (TC)
Bailii
Taxes Management Act 1970 29
England and Wales

Taxes Management, Trusts, Income Tax

Updated: 31 October 2021; Ref: scu.472332