First Mistake Case Post Trust Law Amendment No: 6 — In the matter of Strathmullan Trust  JRC 056
This decision is the most recent Jersey decision to consider setting aside a trust on the ground of mistake and the first Jersey case decided after the introduction of the recent amendments to the Trusts (Jersey) Law 1984, which included provisions concerning mistake.
The settlor sold his share in the family business and settled the proceeds into a Jersey trust as part of a move to the Isle of Man. Despite having taken tax advice, the settlor was not told that under English deemed domicile rules he would continue to be treated as UK resident and domiciled for up to three years (regardless of the fact that he had elected the Isle of Man as a domicile of choice), triggering tax liabilities accounting for 25 per cent of the trust fund…
Click on the link below to read the rest of the Ogier briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Ogier
News from The Lawyer
Briefings from Ogier
On 24 October 2014, the Commerce & Employment department published its consultation paper on various options for reforming Guernsey’s insolvency regime.
The Companies (Amendment No. 11) (Jersey) Law 2014 came into force on 1 August 2014. The law made a number of changes to the Companies (Jersey) Law 1991.