Representation of Affinity Trust Limited re Tamar Trust and Exe Trust
Representation of Affinity Trust Limited re Tamar Trust and Exe Trust [2023] JRC 157 (31 August 2023)
The Jersey Royal Court set aside trust distributions made on incorrect tax advice, declaring them void under Article 47H and held on bare trust for the trustee.
- Mistake in exercise of trustee powers
- Tax consequences of trust distributions
- Rescission of distributions
- Article 47h application
- Trust-mistake
- Trust-distributions