Fiduciary’s dishonest profits are held in trust for beneficiary, says UKSC Profit received by a trustee or other fiduciary resulting from breach of trust or fiduciary duty is held by the fiduciary in a true trust for the benefit of the beneficiary or principal, the UK Supreme Court (UKSC) has decided (Stevens v Hotel Portfolio II, 2025...
Understanding Adverse Possession in Estate Contexts Adverse possession is a legal doctrine allowing someone to claim ownership of land under certain conditions if they’ve occupied it without permission. In the estate administration landscape, this concept becomes particularly complex, as seen in the High Court case of Nazir v Begum [2023]. This case clarifies the interaction...
The Financial Conduct Authority (FCA) has agreed to drop its ban on the sale of crypto exchange-traded notes (cETNs) to retail consumers, provided they are sold on an FCA-approved UK-based investment exchange subject to financial promotion rules. The cETNs, which are debt instruments offering price exposure to crypto-assets such as Bitcoin and Ether, will not...
Jenny Halliwell has been ordered to pay £ 670,000 in indemnity costs to her ex-husband, Simon Entwistle, due to the deliberate non-disclosure of her assets in their financial remedy dispute. Part of the sum is repayment of GBP 75,000 costs awarded against Entwistle by the England and Wales High Court (Helliwell v Entwistle, 2025 EWCA Civ 1071)....
A group of European banks has been ordered not to redeem EUR280 million of on-demand bonds owned by the Russian fertiliser group EuroChem, because the EuroChem companies’ true owner is a Russian national whose assets are frozen under EU sanctions. The bonds are governed by English law, so the case was heard in the England...
The amount of inheritance tax (IHT) collected by HMRC continues to rise rapidly, reaching £ 6.7 billion in the 2022/23 tax year, some 12 percent higher than the 2021/22 figure. One in every 21 deaths resulted in an IHT charge, equal to the previous high of 2016/17 before the residential nil-rate band was introduced. The...
Several probate research firms have urged the government to tighten up security on unclaimed estates before considering republication of the Bona Vacantia list. The list was withdrawn from public view on 7 July 2025, after a BBC investigation suggested it was being exploited by organised criminals to obtain grants of representation over estates containing unoccupied property...
Inheritance tax (IHT) is often viewed as a financial burden; however, in certain situations, it can provide strategic advantages, particularly when a company repurchases its shares. For family-run businesses, this can be a tax-efficient opportunity that turns a challenge into an advantage. Understanding Share Buybacks and Inheritance Tax (IHT) When a shareholder passes away, their...
The UK government’s inheritance tax (IHT) receipts are on track to hit a staggering £9 billion by 2027, according to forecasts from the Office for Budget Responsibility (OBR). This sharp rise in UK Inheritance Tax (IHT) revenue reflects a combination of frozen thresholds and rising property values — factors that could impact many families who...
A major development in English probate law has emerged as the England and Wales Court of Appeal (EWCA) ruled that a secret trust claim over an estate may proceed to trial. This case is expected to have wide-reaching effects on how verbal agreements and informal understandings around inheritance are treated under UK law. If you’re...
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Copyright by CareAccountancy. All rights reserved.
