The Commissioners for HM Revenue and Customs v Peter L Drown & Mrs R E Leadley (as executors of Jeffrey John Leadley deceased): [2017] UKUT 0111 (TCC)

Upper Tribunal Tax and Chancery decision of Mr Justice Newey and Judge Sinfield on 24 March 2017.

• From: HM Courts & Tribunals Service and Upper Tribunal (Tax and Chancery Chamber)
• Published: 24 March 2017

• Category: Tax
• Release date: 24 March 2017

Read the full decision in The Commissioners for HM Revenue and Customs v Peter L Drown & Mrs R E Leadley (as executors of Jeffrey John Leadley deceased): [2017] UKUT 0111 (TCC).

INCOME TAX AND CAPITAL GAINS TAX – whether claims for relief in relation to assets that became of negligible value and loans that became irrecoverable before the death of the owner/lender can be after death by the deceased’s personal representatives - section 131 Income Tax Act 2000 – sections 24 and 253 Taxation of Chargeable Gains Act 1992

Published 24 March 2017