Search results
Results from the WOW.Com Content Network
Vandervell v Inland Revenue Commissioners [1967] 2 AC 291 is a leading English trusts law case, concerning resulting trusts. It demonstrates that the mere intention to not have a resulting trust (for example, to avoid taxes) does not make it so. This case was the first in a series of decisions involving Tony Vandervell's trusts and his tax ...
Under the rule established in Vandervell v IRC, [29] if the owner of a sole beneficial interest instructs his trustees to transfer the property, and this is done to transfer the beneficial interest and not simply to change the trustees, this does not fall under Section 53(1)(c) and requires no specific formalities. [30]
This case was the second in a series of decisions involving Tony Vandervell's trusts and his tax liability. The first was Vandervell v Inland Revenue Commissioners , [ 1 ] which concerned whether an oral instruction to transfer an equitable interest in shares complied with the writing requirement under Law of Property Act 1925 , section 53(1)(c ...
When this occurs, the property is held on resulting trust for the settlor, as in Vandervell v IRC. [17] This also occurs where a trust is formed over property which requires formality, but is improperly created (for example, a land transfer that does not adhere to the Law of Property Act 1925). [18]
The California Department of Justice, Department of Housing and Community Development and the city of Elk Grove reached a settlement in a lawsuit by the state that had accused the city of ...
However, this scheme was defeated in the case Vandervell v Inland Revenue Commissioners. [3] Vandervell therefore had the shares repurchased by a trust company set up to manage his children's inheritance, through an option that had been granted during the setup of the original tax-avoidance scheme.
A federal judge ruled in August that Google violated antitrust law to keep a monopoly on search. The Department of Justice is weighing several remedies to resolve the case.
A viral post shared on X claims Florida Republican Rep. Matt Gaetz purportedly made a tweet about “age gap dating.” View on Threads Verdict: False The claim is false. The purported tweet was ...