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The subject of who determines capacity is a live topic. Is it medical? Is it legal? More importantly, does it make sense? The test regarding testamentary capacity is generally well understood. The trick is to understand it. The High Court decision in Public Trust v Lawrence clearly articulates the divide between understood and understand. As … Continue reading →
The Taxation (Income Tax Rate and Other Matters) Act 2020 enacted on 7 December 2020a introduced a new top personal tax rate of 39% and increased disclosure requirements fortrusts for the 2021–22 and later income years. See Reporting requirements for domestic trusts. The new disclosure rules have now been finalised and are contained in section59BA … Continue reading →
Matters of Trust