The issue of sham is most likely to be raised by the settlor's creditors or former spouse if the settlor is involved in matrimonial proceedings, who...
A trust is formed either by lifetime gift or on death when a person (the settlor) transfers assets to another person or persons (the trustees) to hold...
When trustees are engaged in trust litigation, issues often arise as to how their litigation costs are to be funded. A Beddoe application is the best...
Trust litigation has been classified as being of three types:•a dispute as to the trusts on which trustees hold the subject matter of the settlement•a...
Where a beneficiary either:•is a minor (ie under the age of 18) and unmarried or•has attained majority or has married under that date but is required...
This partial deed of revocation is made on [date] by [donor] of [address].1I granted a Lasting Power of Attorney for [Financial Decisions/Health and...
Liferent trustsA liferent trust (or trust liferent) is a trust which, when settled, confers a use and income benefit, or both, in the trust property...
ARCHIVED: This Practice Note has been archived and is not maintained.This Practice Note was originally drafted by Simon Goldring and Ben Harle but is...
ARCHIVED: This Practice Note has been archived and is not maintained.The tax rules on UK residence before 6 April 2013 are explained in the Residence...
ARCHIVED: This Practice Note has been archived and is not maintained.Until 5 April 2013, ordinary residence was one of three key factors that needed...
ARCHIVED: This Practice Note has been archived and is not maintained.Residence, ordinary residence and domicileResidence, together with domicile and...
ARCHIVED: This Practice Note has been archived and is not maintained.The tax rules on UK residence before 6 April 2013 are explained in the Residence...
The concepts of residence and domicile (including deemed domicile) are used to establish the extent of an individual's liability to UK taxation (see:...
The UK’s first formal tax residency test for individuals known as the statutory residence test (SRT) took effect on 6 April 2013. Before this, whether...
ARCHIVED: This Practice Note has been archived and is not maintained.For an introduction to the pre 6 April 2013 residence rules, see Practice Note:...
Paragraph 47(3) of Part 3 of Schedule 45 to the Finance Act 2013 (FA 2013) provides:'(3) At the start of the relevant year, the taxpayer did not meet...
As a result of measures to slow down the spread of coronavirus (COVID-19), many countries including the UK are in lockdown. For employees, this often...
Principal private residence (PPR) relief exempts part or all of the gain realised on the disposal of an individual’s dwelling-house from capital gains...
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Scottish Law
