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Practice notes
Trustees—dutiesNature of dutiesThe difference between a duty and a power is:•the performance of a duty is obligatory•powers are to a greater or lesser...
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19th May
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
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
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
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—statutory powers of trusteesSource and availabilitySourcesTrustees have certain powers conferred on them by statute, in particular by the...
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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
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
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
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
Trustees—self-dealing, unauthorised profits and conflicts of interestThe self-dealing ruleThe self-dealing rule is connected to, but distinct from,...
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19th May
Precedents
This Deed is made on [date]Parties1[insert name] of [insert address] and [insert name] of [insert address] (the Retiring Trustees) and2[insert name]...
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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
Beneficial ownership registers—private clients and trustsCORONAVIRUS (COVID-19): Certain aspects of the PSC regime are affected by temporary measures...
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19th May

Most recent Q&As content

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 5th Jun
Q&As
If a lasting power of attorney (LPA) appoints a replacement attorney, can the replacement attorney act if the original attorney stands aside after the...
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5th Jun
Q&As
Where a Will creates a trust for sale of the testator’s residence where a beneficiary only has a right to occupy the dwelling or any substitute...
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5th Jun
Q&As
Would the residence nil rate band be available where a married couple make Wills leaving their respective shares in the family home (held as tenants...
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Produced in partnership with Lynne Counsell of 9 Stone Buildings 5th Jun
Q&As
What is the process for the execution of a statutory declaration under a power of attorney?A statutory declaration allows an individual to make a...
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5th Jun
Q&As
Now that form R27 is no longer required, how do we advise HMRC of the deceased's income tax position?From 13 October 2014, HMRC no longer requires...
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5th Jun
Q&As
When does the limitation period start running in respect of a claim for knowing receipt? If a claim for knowing receipt is commenced for the recovery...
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5th Jun
Q&As
Can a photo of a wet ink signature be used to create an original signed document?Executing documents properly when one or more parties to a contract...
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5th Jun
Q&As
Does a professional trustee, for example, a pension trustee, have to register at Companies House, a charge granted by it over property which it holds...
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5th Jun
Q&As
Can a joint tenancy be severed if the co-owner has lost capacity?This Q&A is relevant to a situation in which the person lacking capacity has an...
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5th Jun
Q&As
The life tenant and remaindermen have agreed to bring an interest in possession trust to an end. The life tenant is to receive a sum of money. What is...
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4th Jun

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