Frankland v Commissioners of Inland Revenue: CA 7 Nov 1997

Shares which were transferred within the first tax quarter after a death lost the benefit of Inheritance Tax exemption on their transfer into a discretionary trust.

Judges:

Peter Gibson, Thorpe, Chadwick LJJ

Citations:

Times 02-Dec-1997, [1997] EWCA Civ 2674, [1997] STC 1450, [1997] BTC 8045

Links:

Bailii

Statutes:

Inheritance Tax Act 1984 144

Jurisdiction:

England and Wales

Citing:

CitedCape Brandy Syndicate v Inland Revenue Commissioners CA 1921
Rowlatt J said: ‘In a taxing Act one has to look merely at what is clearly said. There is no room for any intendment. There is no equity about a tax. There is no presumption as to a tax. Nothing is to be read in, nothing is to be implied’ and . .
Lists of cited by and citing cases may be incomplete.

Inheritance Tax

Updated: 10 November 2022; Ref: scu.80660