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Compensation for Mis-Sold Bank Product Is Taxable, UK Court Says

Compensation received by two individuals from banks for mis-sold financial instruments used in their property rental business should be taxed as business income, a UK court ruled.

Compensation received by two individuals from banks for mis-sold financial instruments used in their property rental business should be taxed as business income, a UK court ruled.
Payments received by brothers Simon and Edward Hackett to compensate f… [395 chars]

Source: Bloomberg Tax News | Published: 2026-01-28T17:16:33Z

Credit: Bloomberg Tax News

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