Tax case goes to Lords

The Law Lords have given leave for an appeal in two cases titled Commissioners of Inland Revenue v Willoughby, in which the tax department challenges decisions of the Commissioner for the Special Purposes of Income Tax and the Court of Appeal. The case will centre on whether provisions in chapter III (Transfer of Assets Abroad) of Part XCII (Tax Avoidance) of the Income and Corporation Taxes Act 1988, apply to income of personal portfolios of investments held for the respondent.