Avoidance scheme: whether trust resident in the UK
Avoidance scheme: whether trust resident in the UK
In HMRC v Smallwood (CA – 8 July) an individual (S) had established a trust over which he had the power to appoint new trustees in 1989. The trust assets included shares which had increased in value. From 1994 to December 2000 a Jersey company acted as the trustee. In December 2000 S appointed a Mauritius company as the new trustee. In January 2001 the trustees sold the shares realising a substantial gain. In March 2001 S...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Avoidance scheme: whether trust resident in the UK
Avoidance scheme: whether trust resident in the UK
In HMRC v Smallwood (CA – 8 July) an individual (S) had established a trust over which he had the power to appoint new trustees in 1989. The trust assets included shares which had increased in value. From 1994 to December 2000 a Jersey company acted as the trustee. In December 2000 S appointed a Mauritius company as the new trustee. In January 2001 the trustees sold the shares realising a substantial gain. In March 2001 S...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
