Mark Danvers v The Commissioners for HM Revenue and Customs: [2016]UKUT 0569 (TCC)

Upper Tribunal Tax and Chancery decision of Mrs Justice Rose and Judge Herrington on 10 January 2017.

• From: HM Courts & Tribunals Service and Upper Tribunal (Tax and Chancery Chamber)
• Published: 14 February 2017

• Category: Tax
• Release date: 10 January 2017

Read the full decision in Mark Danvers v The Commissioners for HM Revenue and Customs: [2016]UKUT 0569 (TCC).

INCOME TAX – registered pension scheme – scheme funds invested at member’s direction in preference shares of finance company - finance company lending its assets to third party lender who made loan to scheme member - scheme member obliged as condition of receiving loan to ensure scheme assets remain invested in finance company preference shares - whether loan to scheme member was unauthorised member payment - whether payment made in connection with the investment in the preference shares - ss 161 (3) and (4) Finance Act 2004

Published 14 February 2017