Rebecca Sheldon has published an article on Arron Banks v HMRC [2020] UKUT 0101 (TCC) for Taxation, see https://www.taxation.co.uk/articles/ut-decision-on-iht-exemption-for-political-gifts.
The case concerns whether a gift to the UK Independence Party (UKIP) falls within the exemption for gifts to political parties under IHTA 1984, s 24.
The taxpayer (unsuccessfully) attempted to rely on the ECHR and EU law to re-write section 24 so as to include UKIP, who during the relevant period did not meet the definition of a political party qualifying for exemption under this section.
