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Practice notes
Creation of trusts—express trustsConstituents of a trustWhen drafting, keep in mind that the essentials of creating a validly constituted trust...
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19th May
Practice notes
IHT—quick succession reliefQuick succession relief (QSR), which is not to be confused with taper relief, applies to a transfer of value which attracts...
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Produced in partnership with Katya Vagner of PwC 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
CGT—reliefsFORTHCOMING CHANGE: On 14 July 2020, the Office of Tax Simplification (OTS) published its online survey and a call for evidence to seek...
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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 partial deed of revocation is made on [date] by [donor] of [address].1I granted a Lasting Power of Attorney for [Financial Decisions/Health and...
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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
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
Q&As
Can a life tenant in a Will bring a life interest to an end by choosing to end it themselves or does it only expire on death?Life tenantsA life...
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Produced in partnership with Lynne Counsell of 9 Stone Buildings 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
Capacity to litigateOn the face of it, there would appear to be no specific impediment, if there is no reason to suppose that a person is without...
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19th May
Practice notes
Costs and expenses in the Court of ProtectionThere are court fees and disbursements which will be payable by all applicants on making a new...
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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
Practice notes
Discretionary trusts—ScotlandWhat is a discretionary trust?A discretionary trust or discretionary settlement is an arrangement created when an...
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Produced in partnership with Peter Murrin of Turcan Connell 19th May

Most recent Q&As content

Q&As
Are there any tax implications to be aware of in relation to the transfer of property to a child or spouse?There are several tax implications which a...
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5th Jun
Q&As
Does the ability of a discretionary trust beneficiary to reclaim tax on an income distribution from a discretionary trust depend on the balance of the...
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5th Jun
Q&As
Can trustees of a personal injury bare trust make gifts to third parties out of the trust fund if directed to do so by the beneficiary of the...
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Produced in partnership with Andrew Wilson 5th Jun
Q&As
When making a distribution made under IHTA 1984, s 144, is it necessary to include a statement in the instrument of distribution that IHTA 1984, s 144...
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5th Jun
Q&As
Is there a precedent oath for administrators for a nephew of the deceased entitled to extract a grant?For the purposes of this Q&A, we have assumed...
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5th Jun
Q&As
Can I appoint someone who is subject to an Individual Voluntary Arrangement as my attorney under a lasting power of attorney?An individual voluntary...
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5th Jun
Q&As
Can a deed of variation be entered into after the second anniversary of the deceased's death to preserve a transferable nil rate band?The transferable...
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Produced in partnership with Lynne Counsell of 9 Stone Buildings 5th Jun
Q&As
Can trustees of a discretionary trust appropriate a trust property to the trust beneficiaries to enable them to use their own capital gains tax annual...
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5th Jun
Q&As
If a director trustee of a charity is removed from their position by other trustees, does this prevent them from acting as director or trustee again...
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5th Jun
Q&As
Who is liable for inheritance tax payable on a failed potentially exempt transfer where there is no relevant provision in the donor’s Will?Inheritance...
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5th Jun
Q&As
An enduring power of attorney appoints two attorneys, A and B, but it was not dated by A. It was sent to the Office of the Public Guardian for...
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Produced in partnership with Howard Smith of Radcliffe Chambers 5th Jun
Q&As
X settled an accumulation and maintenance trust prior to 2006. No changes have been made to the terms of the trust since its settlement. How will the...
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Produced in partnership with Harriet Brown of Old Square Tax Chambers 5th Jun
Q&As
What is the relationship between section 47 of the National Health Service and Community Care Act 1990 and section 9 of the Care Act 2014 and which...
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5th Jun

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