Andrew Goldstone and Stuart Crippin (Mishcon de Reya) review recent private client tax developments that matter.
Van Der Merwe: a welcome judgment in the context of mistake
The recent case of Van Der Merwe v Goldman and HMRC [2016] EWHC 926 (Ch) is notable in its demonstration of the High Court’s willingness to set aside transactions which have been entered into by mistake. On 27 March 2006 the claimant transferred the matrimonial home from his sole name into the names of himself and his wife as trustees of a life interest settlement which he had set up on the same day. He and his wife both had life interests in the trust fund and their children and descendants were included in the class of potential beneficiaries.
Unbeknown to the claimant the effect of the government’s...
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Andrew Goldstone and Stuart Crippin (Mishcon de Reya) review recent private client tax developments that matter.
Van Der Merwe: a welcome judgment in the context of mistake
The recent case of Van Der Merwe v Goldman and HMRC [2016] EWHC 926 (Ch) is notable in its demonstration of the High Court’s willingness to set aside transactions which have been entered into by mistake. On 27 March 2006 the claimant transferred the matrimonial home from his sole name into the names of himself and his wife as trustees of a life interest settlement which he had set up on the same day. He and his wife both had life interests in the trust fund and their children and descendants were included in the class of potential beneficiaries.
Unbeknown to the claimant the effect of the government’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:
