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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 ...
The late Mr Vandervell died on March 10, 1967. His affairs have twice been to the House of Lords. The first, Vandervell v Inland Revenue Commissioners [1967] 2 AC 291. The second, In re Vandervell's Trusts [1971] AC 912. The third is now on its way. [4] During his lifetime Mr Vandervell was a very successful engineer.
This led to a leading case in English trusts law, Vandervell v Inland Revenue Commissioners [1967] 2 AC 291. Unfortunately for Vandervell, his tax avoidance scheme was not successful. In respect of the shares, the Inland Revenue Commissioners (IRC) argued that Vandervell retained an equitable interest (in the shares) and as such, he was liable ...
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]
Re Vandervell Trustees Ltd [1971] AC 912 is a UK tax law case, concerning the ability of the Revenue to amend tax assessments. This case was the second in a series of decisions involving Tony Vandervell 's trusts and his tax liability.
V. Vandervell v IRC; W. Wheat v E Lacon & Co Ltd This page was last ... This page was last edited on 2 May 2023, at 21:01 (UTC).
V. Vandervell v IRC This page was last edited on 2 April 2023, at 01:56 (UTC). Text is available under the Creative Commons Attribution-ShareAlike 4.0 ...