Mohassan Mehmood: The implications of the Sippchoice v HMRC case

It's been a long-standing dispute over the tax treatment of transferring non-cash assets into pension schemes. Let's rewind to 2018. Sippchoice Limited was successful at the First-tier Tribunal in challenging HMRC's contention that ‘in-specie contributions' - non-cash assets such as commercial property and shares transferred into pension schemes - should not receive tax relief like their cash counterparts. Pension administrators were given the all-clear that their interpretation of HMRC's own guidance on in-specie contributions was indeed correct. Fast-forward to May 2020 and the deci...