The Grand Court of the Cayman Islands and the High Court in England and Wales have recently considered two unusual applications for Beddoe relief: an application by a trustee for retrospective Beddoe relief after the conclusion of proceedings; and an… Read more

In Blyth v Sykes [2019] EWHC 54 (Ch), the English High Court decided that an estate would be administered in accordance with a certified copy of the will-maker's Will.  This was despite the Claimant arguing that the will-maker had deliberately… Read more

The recent Australian Administrative Appeals Tribunal ("AAT") decision in Ransley v Commissioner of Taxation [2018] AATA 4359 has shown the willingness of the Australian Taxation Office ("ATO") to target investors seeking to adopt capital gains tax treatment on the sale of shares. The… Read more

On 20 July 2018, the Australian Treasury released Exposure Draft legislation to extend the definition of a significant global entity (SGE). As a result, the extended definition of an SGE may include members of large private groups headed by unlisted… Read more

In a recent case in the Royal Courts of Jersey, a bank was fined for not obtaining the necessary authorisation before transferring the assets of a deceased client to a foreign court. This case serves as a useful reminder of… Read more

In Griffin v Higgs & Ors [2018] EWHC 2498 (Ch), the London High Court  heard an appeal against a costs order which prevented the removed executors of a trust from being entitled to an indemnity from the estate in respect… Read more

The Australian revenue authorities have been very active recently issuing judgments, making pronouncements and intensifying enforcement activity, all directed to the way the tax system operates in relation to income made from, and gains arising on transactions with, assets that… Read more

Following on from the Australian Government’s announcement in the 2018-19 Budget, an Exposure Draft entitled Treasury Laws Amendment (Measures for a Later Sitting) Bill 2018 has been released which proposes to impose trustee beneficiary non-disclosure tax (currently, 47%) on the… Read more