James Campbell
Partner | Legal
Jersey
Partner
Jersey
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Newsletter
27 October 2016
Jersey, Guernsey, Cayman Islands
1 min read
Mistake and contingent liabilities - Jersey's Royal Court rules that trust transfers can be set aside
Transfers of assets into Jersey trusts have been set aside by Jersey's Royal Court on the grounds that the transfers were based on a mistake, notwithstanding that the transfers were governed by foreign law and that the mistake was in respect of contingent rather than actual tax liabilities.
Find out more in our article Setting aside subsequent transfers into a Jersey trust due to mistake as to potential tax consequences
Why the refusal of charitable relief on homes for the elderly in Jersey should prompt reconsideration of keeping UK assets in Jersey trusts
A case that started with trust assets left to fund homes for the elderly being hit with a tax bill should end with anyone with UK assets in Jersey trusts having a rethink.
That's the view of trusts and private client specialist Steve Meiklejohn, who says that the UK Court of Appeal ruling over the estate of a Jersey woman has implications that professionals need to consider...
Find out more in our article Inheritance tax ruling should prompt rethink on UK assets
Citywealth IFC Awards 2017
Law firm of the year - Caribbean
Law firm of the year - Guernsey
Law firm of the year - Jersey
To vote for Ogier please use this link
Woman of the Year
Leadership (Professional Services, IFC) - Sally Edwards
Woman of the Year
Business Services - Kate Kirk
Please feel free to pass this briefing on to any colleagues or contacts who want simple, authoritative analysis of the latest developments in the trusts and private client space – there's a full set of options to be kept up to date by Ogier's specialist teams here
James Campbell
Partner | Legal
Jersey
Partner
Jersey
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Josephine Howe
Partner | Legal
Jersey
Partner
Jersey
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