The taxpayer sought tax relief for assorted pension contributions. She had made contributions to schemes before and after the 1988 Act. The tax scheme allowed unused allowances to be carried forward. The taxpayer sought to prevent aggregation of the allowances in respect of the separate schemes.
Held: The unused refiefs under each scheme had to be aggregated in each year and any balance carried forward only after deduction of the total of contributions made for that year.
Judges:
The Honourable Mr Justice Lewison
Citations:
Times 10-Aug-2004, [2004] 1811 EWHC (Ch)
Links:
Statutes:
Income and Corporation Taxes Act 1988 655
Jurisdiction:
England and Wales
Cited by:
Appeal from – Lonsdale v HM Inspector of Taxes CA 17-Jun-2005
The taxpayer, a barrister had paid into both a retirement annuity contract and into a personal pension scheme. She sought to be able to claim full tax relief on all payments.
Held: The two payments were to be aggregated, and only any excess of . .
Lists of cited by and citing cases may be incomplete.
Financial Services, Income Tax
Updated: 24 August 2022; Ref: scu.199480