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Jersey: Reducing exposure
Robert Gardner looks at how Jersey trustees should avoid a breach of duty when faced with the risk of tax liabilities, with reference to the Onorati Settlement ‘Trustees should, as a minimum, ensure tax advice is received (and reviewed by the trustee) when transactions with possible tax exposures are entered.’Jersey trustees have received little judicial …
Cases Referenced
Cases in bold have further reading - click to view related articles.
- In the matter of the B Life Interest Settlement [2012] JRC 229
- In the matter of the Onorati Settlement [2013] JRC 182
- In the matter of V Settlement [2010] WTLR 733
- Leumi Overseas Trust Corporation v Howe [2009] WTLR 419 RC Jersey
- Pitt v Holt; Futter v Futter [2010] WTLR 269; [2010] WTLR 609; [2011] WTLR 623; [2013] UKSC 26; [2013] WTLR 977
- Re Seaton Trustees Ltd [2010] WTLR 105 RC Jersey
- Representation of Vistra Trust Company (Jersey) Ltd [2008] JRC 111