Arron Banks lost a case which held that he was liable to inheritance tax on £976,781 that he donated to the political party UKIP, and related bodies, between 7 October 2014 and 31 March 2015.
A donation to a political party is exempt from inheritance tax, only if that party secures sufficient votes and at least one seat in the House of Commons at the last general election. This UKIP failed to do.
He argued that refusal to exempt him from inheritance tax breached various rights under the European Convention on Human Rights.
The tribunal found that his human rights had not been violated as the tax did not arise from his political views.
The case report can be downloaded from here.
Banks [2018] TC 6768 [18.12]