HASTINGS–BASS - RE FUTTER V HMRC [2010] EWHC 449; [2010] WTLR 609
JUNE 10TH 2010 | 03:35 TAGS:
The law relating to mistake and the rule in Hastings-Bass, where trustees exercise their powers in a misapprehension as to the effect of the exercise of those powers, have developed along different lines. This is another case in which the Court was asked to apply the rule to protect the beneficiaries where the trustees had exercised their powers incorrectly because the resulting tax consequences were not as they had anticipated.
To continue reading this item, you need to subscribe. Click here to find out about the benefits of a subscription to LawSkills
