LAND AND PROPERTY: In Matthews v Matthews (2024 EWHC 2182 Ch), a solicitor acting on behalf of an elderly farmer attempted to sell some of his land to cover tax bills and care fees. This sale was challenged by the farmer’s second cousin, who claimed a prior right of first refusal at market price. The court rejected the cousin’s claim as his offer was lower than an existing GBP5.8 million offer, thereby not reflecting the ‘full market value’.
TAXATION: UBS Succeeds in Judicial Review Against HMRC
The Upper Tax Tribunal has ruled in favour of UBS in its judicial review against HMRC’s decision requiring a GBP 13.5 million deduction from a former employee’s remuneration. UBS challenged HMRC’s attempt to stay proceedings, arguing that a new tax inspector would re-evaluate the decision. The tribunal found HMRC’s actions wrong but did not grant the mandatory, declaratory, and quashing orders requested by UBS (UBS AG v HMRC and Jonathan Wood, 2024 UKUT 00242 TCC).
CHARITIES: Trustees Disqualified for Cash-Based Operations
The Charity Commission for England and Wales has disqualified four Christian charity Salvation Proclaimers Ministries trustees for at least ten years. This action follows the discovery of ‘serious misconduct’ related to financial mismanagement, including the majority of income and expenditure being handled outside a bank account. The charity ceased fundraising in 2019 and has been removed from the register.
Disclaimer
The information on this Blog is for general purposes only on matters of interest. The Company assumes no responsibility for errors or omissions in the Blog’s contents. Even if the Company takes every precaution to ensure the Blog’s content is current and accurate, errors can occur. Given the changing nature of laws, rules, and regulations, there may be delays, omissions or inaccuracies in the information on the Blog. The Company is not responsible for any errors or omissions or the results obtained from this information. The Company reserves the right to make additions, deletions, or modifications to the Blog’s contents without prior notice.
In no event shall the Company be liable for any special, direct, indirect, consequential, or incidental damages or any damages whatsoever, whether in an action of contract, negligence, or another tort, arising out of or in connection with the use of the Blog or the contents of the Blog. The Company does not warrant that the Blog is free of viruses or other harmful components.
Please read our disclaimer policy.