UTTC INCOME TAX – claim for loss on disposal of loan stock – whether loan stock a ‘relevant discounted security’ – FA 1996, Sch 13, para 3 – whether additional payment on redemption of loan stock was interest – yes – appeal dismissed.
Judges:
Norris J
Citations:
[2013] UKUT 225 (TCC)
Links:
Jurisdiction:
England and Wales
Citing:
Appeal from – Pike v Revenue and Customs FTTTx 4-May-2011
FTTTx Income tax – whether a security was a relevant discounted security – security paying on redemption a sum calculated as 7.25% per annum accruing daily – whether ‘interest’ includes sums not paid periodically . .
Cited by:
Appeal from – Pike v HM Revenue and Customs CA 20-Jun-2014
The taxpayer challenged rejection of his claim for a loss relief arising from a ‘relevant discounted security’ within the meaning of Schedule 13 to the Finance Act 1996.
Held: It would only be such if, taking the security as at the time of its . .
Lists of cited by and citing cases may be incomplete.
Income Tax
Updated: 15 September 2022; Ref: scu.510301