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IHT: Unintended consequences
The nexus between pension transfers and IHT is not straightforward. Duncan Bailey and Imogen Trafford report on Commissioners for HMRC v Parry, which provides welcome guidance Mrs S’s omission was the operative cause of the increase in the sons’ estates and therefore under s3(3) inheritance tax was chargeable. The Supreme Court has ruled on a …
Cases Referenced
Cases in bold have further reading - click to view related articles.
- Commissioners for HMRC v Parry [2018] WTLR 1267 UT (TCC)
- Commissioners for HMRC v Parry [2019] WTLR 45 CA
- Commissioners for HMRC v Parry [2020] WTLR 1151 SC