Trust Management: Extra time and possible penalties?

Gowling WLG | Trusts and Estates Law & Tax Journal | November 2014 #161
The current state of play with HMRC v Murray Group Holdings has lessons for lax trustees. Catharine Bell and Nicole Aubin-Parvu provide an update ‘HMRC argued that where an employee was given practical access to or control of monies it mattered not that he did not have absolute legal title to them.’The unsuccessful appeal by …

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Trustees: A red card?

Gowling WLG | Trusts and Estates Law & Tax Journal | November 2013 #151
Catharine Bell and Nicole Aubin-Parvu review a case that highlights the importance for trustees of impartiality and independence when handling EBTs ‘There was, in fact, evidence to suggest that the trust was intended to be operated in breach of trust and that the scheme required such breach to achieve its purpose.’ The decision of the …

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