Family law experts discuss the judgment in Daga v Bangur handed down at the end of last year, of great interest to trustees who are caught up in financial proceedings on a divorce. Holman J dismissed the husband's claims on assets of GBP17.5 million in two discretionary trust funds, of which the wife was the settlor and a beneficiary, noting that the trustees were highly unlikely to make funds available to benefit the husband even if ordered to do so.
Mostyn J in the Family Division of the England and Wales High Court has refused an application by the 77-year-old widow of Michael Cowan for a further share of his GBP16 million estate under the Inheritance (Provision for Family and Dependants) Act 1975.
Expert comment is appearing on the important matrimonial case of Martin v Martin (2018 EWCA Civ 2866), in which the England Wales Court of Appeal had to value shares in a private company founded by one of the spouses before they cohabited.
The Independent has done some research on various retailers' policies on dealing with loyalty points accrued by deceased customers. It notes that British consumers accumulate an average of GBP122 each year, making a potentially significant addition to their estate - if they can be realised, because not all retailers allow their customers to bequeath their points.
Press reports say the England and Wales Court of Appeal has invalidated a pre-nuptial agreement signed by the former wife of racing driver Kenny Brack, overturning a ruling in the England and Wales Family Court in December 2016.
HM Treasury's Office of Tax Simplification (OTS) has published the first stage of its promised review of the inheritance tax system, focusing on administrative issues rather than the tax itself.
A homeowner who bought a flat ‘off-plan’ before it was completed is not entitled to claim principal private residence relief from capital gains tax on the period before he could occupy it, the Upper Tax Tribunal has ruled.
South Gloucestershire Council was wrong to decide that an elderly couple's gift to their daughter deliberately deprived them of capital in order to reduce care costs, the Local Government and Social Care Ombudsman has found.
The England and Wales Court of Protection (EWCOP) has granted an attorney's application to make himself a GBP7 million potentially exempt transfer from the estate of his mother, who has dementia.
The British government's policy of refusing to pay widowed parent's allowance to a surviving unmarried cohabitant with children is incompatible with the discrimination provisions of article 14 of the European Convention on Human Rights, the UK Supreme Court has decided.
The UK Supreme Court has unanimously refused to grant Tini Owens' divorce petition, issued in May 2015, but contested by her husband.
Individuals who have been ordered to pay enormous 'loan charges' next April to settle their past use of contractor loan tax avoidance schemes have now been given the chance to spread the payments over five years.
The UK Supreme Court has ruled that Maria Mills is not entitled to higher maintenance payments from her husband to make up for the fact that she has lost most of the GBP230,000 capital sum she was granted on their divorce 16 years ago.
A furnished holiday letting business qualified for business property relief (BPR) from inheritance tax because it provided guests with an 'exceptional level of service and amenities', and so did not consist wholly or mainly of making or holding investments.
Research from the Residential Landlords Association suggests that 133,000 dwellings will be taken out of the English private rental sector during the coming year. The main cause is legislation restricting landlords' mortgage interest relief to the basic rate of income tax, and the 3 per cent stamp duty surcharge on the purchase of additional homes.