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.
[2015] UKUT 152 (TCC), [2015] BTC 515, [2015] STI 1398, [2015] STC 1893
Bailii
England and Wales
Income Tax
Updated: 12 November 2021; Ref: scu.549077