INCAPACITATED PERSON – A DIRECT TAX DEFINITION
JUNE 16TH 2011 | 10:43 TAGS:
Who would have thought that the current tax definition of an incapacitated person dates back to before 1918 and therefore uses terminology that most of us would now recognise as offensive such as ‘any infant, person of unsound mind, lunatic, idiot or insane person’.
To the government’s credit it was agreed as part of the Budget that the legislative terminology needed to be brought in line with the operational terminology which is both more appropriate and takes into account modern views on mental health conditions. Hence HMRC published a consultation document on 24 May 2011 – for a download see http://bit.ly/mjpqM4
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