Recently HMRC has paid a lot of attention to the sideways offset of losses (ITA 2007 s 64 and s 72) and, in so doing, the question of commerciality is raised. Particular attention has been [...]
This is another case about the correct IHT treatment of the interest of a deceased person in a joint bank account on death and whether there may be a gift with reservation of benefit (GROB).
Where there is a question over testamentary capacity, the starting point is the Banks v Goodfellow test. As this case shows the quality of medical reports is very important in assessing such [...]
This case looks at the meaning to be given to words written by the Testator himself in a homemade Will. Do they give rise to a trust over income or merely a power?