Matthew Duncan

Partner, Druces LLP

Matthew is a Partner in the Private Client Team at Druces LLP.

Matthew has an extensive private client practice, his particular expertise includes dealing with complex tax planning, trust and estate issues for both UK and international high net worth individuals and trustees.

Matthew deals with complex high-level estate and succession planning with particular emphasis on entrepreneurial clients and family businesses. He has also developed a strong contentious probate, trust and disputed wills practice.

Matthew is a registered will draftsman in the Dubai International Financial Centre's (DIFC) Wills and Probate Registry where he is authorised to draft and advise on the production of DIFC compliant wills. Matthew is also a professional deputy for the Court of Protection and writes a monthly feature in the Solicitors Journal.

Contributed to

1

IHT—gifts with reservation of benefit

Practice Notes

This Practice Note, maintained in partnership with Matthew Duncan and Zoe Norton of Druces LLP, provides a summary of the gift with reservation of benefit (GWR or GROB) regime under section 102 of the Finance Act 1986. If a GWR has occurred and there is a reserved benefit such that the donee did not take possession or did not enjoy the gifted property to the entire exclusion or virtually to the entire exclusion of the donor, the value of that gift will form part of the donor’s estate for inheritance tax (IHT) purposes on death. This Practice Note considers when a disposal may be subject to a reservation of benefit, exceptions from the regime, its interaction with the pre-owned assets charge (POA charge or POAT) and how the GWR regime applies in practice.

Private Client