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 – yes – appeal dismissed

Judges:

Mrs B Mosedale TJ

Citations:

[2011] STI 1990, [2011] SFTD 830, [2011] UKFTT 289 (TC)

Links:

Bailii

Jurisdiction:

England and Wales

Cited by:

Appeal from – Pike v HM Revenue and Customs UTTC 10-May-2013
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 – . .
At FTTTx – 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: 17 September 2022; Ref: scu.443070