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...
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...
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...
This Deed of Appointment is made on [date] by [trustee] of [address] and [trustee] of [address] (the Trustees).Background(A)This Deed is supplemental...
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...
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 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...
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)....
CORONAVIRUS (COVID-19): CIOT has asked the government to consider delaying changes to principal private residence relief (PPR) (which are due to take...
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...
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...
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...
On a restructuring of any trust, there may be an actual or deemed disposal of assets. In particular, the trustees will need to consider the potential...
Provided that the property has been A’s only or main residence, A should be able to claim principal private residence relief in respect of any gains...
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Scottish Law
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