Private Client weekly highlights—9 March 2023

Article summary

This week’s edition of Private Client highlights includes: (1) The Spring Budget 2023 and possible key tax announcements of interest to private client practitioners; (2) The government announces publication of the Spring Finance Bill 2023 on 23 March 2023; (3) The Court of Protection clears up ‘common confusion’ around circumstances in which court approval is required to sales of property where a property and financial affairs deputy for a co-owner is also acting as a trustee; (4) Clipperton v HMRC, in which the Upper Tribunal ruled out dividend tax planning involving a trust; (5) Re Scherzade Khilji (In Bankrutpcy), in which the court considered when does a trustee in bankruptcy become aware of the bankrupt’s interest in a given property to start the three year ‘use it or lose it’ period in s 283A of the Insolvency Act 1986; (6) Kenig v Thomson Snell & Passmore LLP, which concerned beneficiaries’ applications for assessment under section 71(3) of the Solicitors Act 1974; (7) The Financial Action...