This Deed of Appointment is made on [date] by [trustee] of [address] and [trustee] of [address] (the Trustees).Background(A)This Deed is supplemental...
Duration of a trustThe duration of an express trust is subject to the restrictions imposed by the rules against remoteness of vesting and against the...
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...
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...
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...
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...
CertaintyIn order for a settlor to create a private express trust the three certainties must be present, namely:•certainty as to the intention of the...
What is a blind trust?A blind trust is a trust that is aimed at preventing conflicts of interest arising. Usually, the settlor and beneficiary of the...
This guide sets out the requirements for executing deeds in various international jurisdictions. The table provides a quick-reference summary of the...
This Practice Note summarises the changes to the excluded property rules from 6 April 2017 introduced by the Finance (No 2) Act 2017 (F(No 2)A 2017)....
The charge to UK income tax applies to the profits of both a UK and overseas property business.A property business is one which generates income from...
Whether a property transaction is an investment or trading (ie dealing) activity is of key importance to each of the parties to the transaction since...
This Practice Note is an overview of the issues facing non-UK domiciliaries when purchasing a home in the UK with a mortgage. The use of debt to fund...
FORTHCOMING CHANGES: At Spring Budget 2020, the government announced plans (following a consultation) to introduce (from 1 April 2021) an additional...
FORTHCOMING CHANGES: At Spring Budget 2020, the government announced plans (following a consultation) to introduce (from 1 April 2021) an additional...
A legal opinion should be obtained in respect of any property transaction in England and Wales entered into with an overseas company; for example, the...
The fact that an overseas company is a seller, buyer, landlord, tenant, guarantor or mortgagee in relation to the sale or leasing of land in England...
CORONAVIRUS (COVID-19): CIOT has asked the government to consider delaying changes to principal private residence relief (PPR) (which are due to take...
The Non-resident Landlords Scheme (NRL Scheme) requires income tax at the basic rate to be deducted from rental payments due to non-resident landlords...
The assumption is that the land in question is residential freehold property in England or Wales and that there is no tax avoidance.SDLT treatment of...
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...
As a general rule, transfers of assets, in a tax year, between spouses or civil partners who are living together in any part of that year are regarded...
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