Moorthy v Revenue & Customs  UKUT 13 (TCC)
Appeal against a decision that a settlement agreement was taxable under s401 ITEPA and that HMRC should not have made a concession that £30,000 should be treated as 'injury to feelings' and therefore not taxable. Appeal dismissed.
Read the FTT decision [here]().
The claimant lost his appeal. The UT ruled that the settlement payment falls within section 401 ITEPA, "injury" in section 406 does not include injury to feelings and Mr Moorthy cannot rely on the concession made by HMRC.
Published: 29/01/2016 09:31