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Practice notes
Liferent trusts—ScotlandLiferent trustsA liferent trust (or trust liferent) is a trust which, when settled, confers a use and income benefit, or both,...
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Produced in partnership with Peter Murrin of Turcan Connell 19th May
Practice notes
Trustees—appointment of trusteesOriginal trusteesTrustees will usually be appointed by the instrument that brings the trust into existence. The trust...
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19th May
Practice notes
What is an offshore trust?A trust is formed either by lifetime gift or on death when a person (the settlor) transfers assets to another person or...
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Produced in partnership with Mourant Ozannes and Carey Olsen 19th May
Practice notes
Taxation of age 18–25 trusts—IHTThe special category of age 18–25 trusts was introduced by Finance Act 2006 (FA 2006) to offer some compensation for...
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Produced in partnership with Paul Davies of Clarke Willmott 19th May
Practice notes
Private Client—Luxembourg—Q&A guideTaxation regimeWhat factors determine tax liability in your jurisdiction (eg domicile, residence or...
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Produced in partnership with Eric Fort of Arendt & Medernach 19th May
Practice notes
CGT—giftsA gift of an asset is a disposal for capital gains tax (CGT) purposes. It can, therefore, trigger a CGT charge on the gain deemed to have...
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Produced in partnership with Laura Poots (Barrister) of Pump Court Tax Chambers 19th May
Q&As
When can a mistake in an executed deed be rectified by a manuscript amendment rather than by a deed of rectification?This Q&A explains when it is...
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Produced in partnership with Emma Holland of Stewarts Law 19th May
Precedents
This Deed OF REVOCATION is made on [date] by me [name of donor] of [address of donor].This Deed provides:1Revocation...
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19th May
Practice notes
Trustees—removal of trusteesA trustee may be removed against their will in any of the following ways:•under an express power in the trust...
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19th May
Practice notes
Creation of trusts—blind trustsWhat is a blind trust?A blind trust is a trust that is aimed at preventing conflicts of interest arising. Usually, the...
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Produced in partnership with Michael O’Sullivan of 5 Stone Buildings 19th May
Practice notes
The Cy-près doctrineFORTHCOMING CHANGE: On 22 March 2021, the government published its response  to the Law Commission’s report of 14 September 2017,...
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19th May
Practice notes
Assessment for residential accommodationCoronavirus (COVID-19): The content of this Practice Note is temporarily affected by the coronavirus...
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19th May
Practice notes
Termination of trusts—methods of terminationDuration of a trustThe duration of an express trust is subject to the restrictions imposed by the rules...
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19th May
Practice notes
Trust disputes—court jurisdiction and procedureTrust litigation has been classified as being of three types:•a dispute as to the trusts on which...
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19th May
Practice notes
Offshore trusts—offshore income gains (OIGs)Offshore income gains (OIGs) are gains realised on the disposal of interests in offshore funds which are...
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19th May
Practice notes
Cayman Islands STAR trusts—common usesThis Practice Note provides guidance on Cayman Islands STAR trusts. For general information about the Cayman...
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Produced in partnership with Mourant Ozannes and Carey Olsen 19th May

Most recent Q&As content

Q&As
How effective is a trust for a disabled beneficiary, on such terms as to fall into section 89 of the Inheritance Tax Act 1984, to protect assets from...
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6th Jun
Q&As
If a settlor places a property worth between £900,000 and £1m into an inter vivos discretionary trust, will they lose their residence nil rate band on...
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Produced in partnership with James Brockhurst of Forsters LLP 6th Jun
Q&As
What happens where an individual lacking capacity is not happy with the professional deputy proposed by their family?See Practice Note: Choosing the...
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6th Jun
Q&As
T left a life interest in T's share of a property to T's spouse, S. S's new partner, P now resides in the property with S. What rights does P have in...
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Produced in partnership with Oliver Auld of Charles Russell Speechlys LLP 6th Jun
Q&As
Private client guide to understanding Islamic namesThis guide, written in partnership with Dr Leonard Shaefer, a name-processing expert with Onomastic...
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6th Jun
Q&As
A life interest trust is purchasing a dwelling that is already owned and occupied by the trust’s beneficiary. The beneficiary also owns an investment...
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6th Jun
Q&As
Does the requirement to register with HMRC (via the Trust Registration Service ) apply to jointly owned property where the property is held as tenants...
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6th Jun
Q&As
Would the residence nil rate band be available where a testator A leaves a residential property on successive life interest trusts (first to spouse B...
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6th Jun
Q&As
What are the tax advantages of a trust for a disabled (adult) child in a Will as opposed to a normal discretionary Will trust?The legislation...
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6th Jun
Q&As
If a person, acting as attorney for the person entitled to act as the personal representative of an estate, extracts a grant 'for the benefit and use...
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Produced in partnership with Helen Galley of XXIV Old Buildings 6th Jun
Q&As
What are the potential issues to consider where a charity (or its trustees) wishes to vary a bequest received in a Will of an individual who died more...
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6th Jun

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