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21 April 2015
A, B and CGT; Bowling a googly; Republic remuneration; Pension problem
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A B and CGT
A trust of property was intended but not evidenced in writing at purchase?
B bought a property and put it in A’s name. With the benefit of hindsight B should have written a declaration of trust (see HMRC’s Trusts Settlements and Estates Manual at TSEM9520) saying that A is holding the property for B absolutely but did not.
The Capital Gains Manual at CG70230 explains that without documentary evidence to the contrary ...
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