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 the combined payments carried forward. Though this might be unfair, this was the natural and ordinary meaning of the legislation, and any reform was for legislators.
Judges:
Mummery LJ, Arden LJ, Munby J
Citations:
[2005] EWCA Civ 709, Times 07-Jul-2005
Links:
Statutes:
Income and Corporation Taxes Act 1988 655(1)
Jurisdiction:
England and Wales
Citing:
Appeal from – Lonsdale v Braisby (HMIT) ChD 23-Jul-2004
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 . .
Lists of cited by and citing cases may be incomplete.
Income Tax
Updated: 30 June 2022; Ref: scu.226731