What is a ‘Gift’ for the purposes of Section LD1?

Two recent appeal decisions provide some illumination The Court of Appeal recently issued the decisions of Commissioner of Inland Revenue v Roberts and The Church of Jesus Christ of Latter-Day Saints Trust Board and Coward v Commissioner of Inland Revenue. Both concerned the question of whether particular transactions (to use a neutral term) between the taxpayers [...]

2020-10-15T19:05:58+00:00Chambers News, Pam Davidson, Taxes|