Trusts, wills and rectifying mistakes »
It is a well known fact that once a deed of settlement has been
executed it cannot simply be amended subsequently. Certainly,
changes will not be allowed simply because the settlor changes
their mind. However, where it is clear that a mistake has been made
and there is evidence to support this, there are two possible
remedies: the remedy of rectification and the remedy of rescission
(setting aside). Both need an application to the Court and are at
the Court's discretion.
Investing for children - part four »
In this concluding article in a series which has considered the
subject of investing for children, I will look at how the different
types of investment are taxed when held in a trust. I will also
look at appropriate planning strategies to meet the varying
circumstances and objectives of clients.
Applying for fixed protection 2014 »
From 6 April 2014 the Standard Lifetime Allowance is to be
reduced from its current level of £1.5m to a new level of £1.25m.
This will give rise to a number of issues for individuals. This
Technical Feature will concentrate on Fixed Protection 2014 (FP14),
which is a form of transitional protection that will apply from 6
April 2014 to help provide a degree of mitigation for certain
Trusts and tax avoidance - part two »
The last time we looked at the subject of trusts and tax
avoidance was in March 2013. At that time we were
anticipating the introduction of the general anti-avoidance
regulations - in the event we got the General Anti-Abuse Rule
(GAAR). The GAAR legislation defines what are, for its purposes,
tax arrangements that are abusive.