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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 ...
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.
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 ...
Barnes v Addy; Bartlett v Barclays Bank Trust Co Ltd; Belchier v Parsons; Belmont Finance Corp Ltd v Williams Furniture Ltd (No 2) Bishopsgate Investment Management Ltd v Homan; Bishopsgate Investment Management Ltd v Maxwell (No 2) Blackwell v Blackwell; Boardman v Phipps; Boyce v Boyce; Brinks Ltd v Abu-Saleh (No 3) Brown v Burdett; Brown v ...
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]
An accuser in the sprawling case against Sean "Diddy" Combs is speaking out publicly for the first time.. The man, known only as John Doe, opted to remain anonymous and spoke to CNN from a ...
It is important to stress that this is only a presumption, which presumption is easily rebutted either by the counter- presumption of advancement or by direct evidence of A's intention to make an outright transfer: see Underhill and Hayton (supra) p. 317 et seq.; Vandervell v IRC [1967] 2 AC 291 at 312 et seq.;
I can’t forget the $107,000-a-year administrator’s arrest in March 2018 ― six weeks after retiring with a valuable pension and taking home about $35,000 in unused vacation and sick time ...