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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 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 ...
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]
Court documents also reveal that inside Heuermann's office they found many magazines and articles about the serial killer case. "People [Magazine]. There was a New York Times article in the safe ...
While a Lord of Appeal in Ordinary he contributed to a number of significant cases. Three cases of particular importance are Boardman v Phipps [1967] 2 AC 46 (giving a powerful dissent), Vandervell v IRC [1967] 2 AC 291 (where he gave a majority speech) and In re Gulbenkian's Settlements [1970] AC 508. An interesting problem arose on Lord ...
Pages in category "1966 in United Kingdom case law" The following 8 pages are in this category, out of 8 total. ... V. Vandervell v IRC; W. Wheat v E Lacon & Co Ltd