Agarwala v Agarwala [2013] EWCA Civ 1763
April 2014 #138The appellant (Jaci) and the respondent (Sunil) were sister and brother-in-law respectively. This case related to the beneficial ownership of a property which Sunil had identified as a business opportunity (for Sunil to run as a B&B). Due to Sunil’s poor credit rating, the property was purchased in Jaci’s name via a mortgage, also in her name. Both parties agreed that there was an express oral agreement between them as to the terms on which the property was bought and held. The terms of that agreement were disputed and each party argued that they owned the beneficial inte...
Barclays v HMRC [2011] EWCA Civ 810
November 2011 #114The trustees (the bank) appealed from the decision of Vos J to dismiss an appeal against a determination by HMRC. HMRC had decided that the residuary estates of Constance and William Poppleston were to be treated as if they were part of the estate of Edwin Poppleston (the son of Constance and William) because s89 of the Inheritance Tax Act 1984 (the Act) required Edwin to be treated as if he had an interest in possession in each of them. If Edwin was not to be treated as if he had such interests in possession then HMRC was liable to repay the bank £158,963 with interest.
Edwin wa...