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forgiveness of debt

This tag is associated with 2 posts

Donation tax credit clarification

Revenue Minister Stuart Nash has announced that the Government will move to restrict donation tax credits and gift deductions to cash donations (including payments made by credit card or bank transfer). This announcement follows the Court of Appeal decision in CIR v Roberts that upheld a High Court decision in the same matter and ruled … Continue reading

To forgive, divine

When Alexander Pope wrote “To err is human; to forgive, divine” it is doubtful that his mind was turned to matters equitable.  However, the expression is an apt description of the recent decision in Official Assignee v Mayers. This case considers whether the Official Assignee can recover gifts made by way of forgiveness of debt prior to … Continue reading

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