Back to the past

Keith Gordon looks at a case in which an unexpected capital gains tax bill led to a taxpayer suing her father

I should make it clear that this is a case with which I had some background involvement. In 2013, HMRC amended the tax return previously made by the Ellen Morris 1990 Settlement so as to assess approximately £1 million of capital gains tax. It was HMRC’s case that the trust had participated in what is often known as the ‘Round the World’ tax scheme in the course of the 2002/03 tax year.