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Can You Undo Tax Planning Mistakes?

Two recent cases shed light on whether you can undo expensive tax planning mistakes.

Sometimes, some of the most complicated legal problems spring out of the simplest facts. If I give you £100, mistakenly thinking I owe you £100 - should I be able to get the money back? If I did owe you £100, but had forgotten I'd already repaid you, and I transfer another £100 - should I be able to get that back? If I give you £100 because I think you're poor, but actually you are secretly a millionaire - what then?

To read the article in full go to Spear's blog

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