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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 ...
Re Vandervell Trustees Ltd; Re Vandervell Trustees Ltd (No 2) Re West Sussex Constabulary's Widows, Children and Benevolent (1930) Fund Trusts; Reading v Attorney-General; Repington v Roberts-Gawen; Royal Brunei Airlines Sdn Bhd v Tan; Allhusen v Whittell
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]
Iowa consumer law expert says lawsuit without precedent. Bill Brauch, a retired attorney who served as director of the Iowa attorney general's consumer protection division from 1995 to 2015, said ...
A former TD Bank employee based in Florida was arrested and charged with facilitating money laundering to Colombia, New Jersey's attorney general said on Wednesday, in the first such arrest since ...
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 ...
Former Florida Congressman Matt Gaetz paid tens of thousands of dollars to women for drugs and sex that were violations of a series of House rules and included obstruction of Congress, the U.S ...