Q&As

A and B are the legal owners of a property situated in a EU state. They wish to execute a declaration of trust governed by English law stating that they hold the property on trust for A, B, C and D. Would HMRC be bound by such a declaration?

read titleRead full title
Published on LexisPSL on 02/07/2020

The following Private Client Q&A provides comprehensive and up to date legal information covering:

  • A and B are the legal owners of a property situated in a EU state. They wish to execute a declaration of trust governed by English law stating that they hold the property on trust for A, B, C and D. Would HMRC be bound by such a declaration?

A and B are the legal owners of a property situated in a EU state. They wish to execute a declaration of trust governed by English law stating that they hold the property on trust for A, B, C and D. Would HMRC be bound by such a declaration?

We have assumed that:

  1. A and B have the requisite capacity under English law to enter into the declaration

  2. the laws of the state in which the property is situated do not prohibit A and B from entering into the declaration

We do not have any information on

Popular documents