Trusts

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A non-resident child aged under 18 has been left a share in the residue of the estate of a person who is not his parent. This is contingent on his attaining the age of 18 and, pending that condition being met, his income share is paid to a parent

A client’s company set up an offshore funded unapproved retirement benefit scheme, where the monies have been invested in an offshore bond

A marriage contract trust was made in 1947, with an alimentary liferent in favour of the wife. The couple would like to transfer the trust assets to their children

By Emma Chamberlain and Chris Whitehouse; £150

Simpson and others as Trustees of the East Berkshire Sports Foundation (SpC 732)

CHRISTIAN WARD looks at the attractions of flexible reversionary trusts for estate planning

A grandfather set up a trust for his grandchildren, who are to become entitled to the capital at the age of 18. A distribution has recently been made to the first child to reach this age. What are the tax consequences?

CRC v Bower and other (executors of Bower (deceased)), Chancery Division, 5 November 2008

CHARLES GOTHARD, LISA-JANE FAWCETT and SIMON JENNINGS look at the deductibility of trust expenses against income in the light of the Peter Clay decision

CRC v Trustees of the Peter Clay Discretionary Trust, Court of Appeal, 19 December 2008

Will offshore trusts remain useful for wealth management in 2009, asks CAMILLA VIVIAN

Bare trusts and minors and chargeable events — an HMRC clarification. JOHN WOOLLEY explains

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