HMRC Tells Top Court That Pension Transfer Liable For Tax

Law360, London (October 31, 2019, 7:05 PM GMT) -- A terminally ill woman transferred her pension to a new scheme two months before her death so that her sons could benefit from a payout, the U.K.’s tax authority said Thursday as it sought to convince the country’s highest court that the money is liable for inheritance tax.

HM Revenue & Customs is seeking to uphold a decision by the Court of Appeal, which found in October 2018 that Rachel Staveley’s sons could not claim a death benefit payout from her pension until the government takes a substantial cut.

The Supreme Court is being asked to weigh whether the decision of Staveley,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Related Sections

Law Firms

Companies

Government Agencies