Inland Revenue fails again in its bid to appeal court decision

Professional Adviser
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tax & jurisdiction

Inheritance tax products from Skandia, Clerical Medical International and Scottish Equitable International have been saved from the clutches of the UK's revenue service after its latest attempt to appeal a decision against it failed. Inland Revenue has tried to appeal three times against this case and this is the third consecutive time the case has been dismissed in court. So for the moment the structure looks safe, although it is possible Inland Revenue could ask to appeal to the House of Lords. However, this decision may push the government into closing any loopholes through legisla...

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