Private Client weekly highlights—13 April 2023

Article summary

This week’s edition of Private Client highlights includes the following news: (1) HMRC has updated its IHT and CGT guidance for trusts for tax year 2023-2024; (2) The Office of the Public Guardian has updated its surety bonds practice note; (3) Re Lloyds British Testing Ltd (in liquidation) in which the court ordered the respondent to use his occupational pension to meet debts; (4) HMRC has published a new GAAR Advisory Panel opinion on the extraction of value from an estate using options and excluded property; (5)The new transparency regime affecting property in Scotland; (6) Dorey v Ashton, an important decision of the Guernsey Court of Appeal in which it held that a lawyer owed no duty to third parties when making Wills; (7) The Law Commissions’ report: Building families through surrogacy, and (8) The challenges posed by ChatGPT and other generative AI systems to copyright owners and possible solutions.