Trusts

We think it fair to say that when the IT resources are handed out that the Private Client department in a lot of firms comes somewhere near the bottom! Not critical, is a typical comment we hear.

I have a rather unusual scenario concerning an interest in possession trust.

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Can anyone outline the legal requirements for placing a single dwellinghouse into a discretionary trust for the settlors children?

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Trustees can only unwind mistakes that result in more tax being paid than expected if the trustee acted in breach of trust, the Supreme Court has ruled.

A specialist tax barrister recently lost a first tier tribunal appeal against HMRC’s decision not to allow him to claim tax relief on a £475,000 loss on an avoidance scheme of his own devising.

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One of our clients sadly passed away leaving a wife and two minor children. He hadn't made a will.

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We have received an email from an existing client of ours relating to School fee planning, pasted below. Any comments on this most welcome

 

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