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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]
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]
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 ...
On Feb. 29, ex-“Vanderpump Rules” star Rachel Leviss filed an explosive lawsuit against her former castmates Tom Sandoval and Ariana Madix for eavesdropping, revenge porn, invasion of privacy ...
Re Vandervell Trustees Ltd (No 2) Court: Court of Appeal: Full case name: White v Vandervell Trustees Ltd (No 2) Decided: 3 July 1974: Citations [1974] EWCA Civ 7, [1974] Ch 269: Case history; Prior action [1973] 3 WLR 744, [1974] 1 All ER 47: Court membership; Judges sitting: Lord Denning MR, Stephenson LJ and Lawton LJ: Keywords; Resulting trusts
The docuseries quoted a section of Kerns’ letter, which read, “I can only believe there must have been some extreme situation or temptation exerted upon him to influence his actions.”
The case is State Street Global Advisors Trust Co v Visbal, U.S. District Court, Southern District of New York, No. 19-01719. (Reporting by Jonathan Stempel in New York) Show comments