Trusts: Shedding light on remuneration trusts

Old Square Tax Chambers | January/February 2022 #230
Mary Ashley reports on a rare taxpayer win Cases like Marlborough are helpful to reveal how HMRC will form its arguments when it wants a tribunal to look at the overall effect of an arrangement rather than the detail. Marlborough DP Ltd v The Commissioners for Her Majesty’s Revenue & Customs [2021] is a First-tier …

Continue reading "Trusts: Shedding light on remuneration trusts"

This post is only available to members.

Mistake: Ignorance is not bliss

Farrer & Co | December 2021 #229
A recent case underscores the criteria required to make out a case for mistake as a ground to set aside a trust. Rowan Cope explains A key element of the test for mistake is whether the claimant accepted the risk that the scheme may not work. In Dukeries Healthcare Ltd v Bay Trust International Ltd …

Continue reading "Mistake: Ignorance is not bliss"

This post is only available to members.