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TSEM11000 - Trusts, Settlements and Estates Manual - HMRC internal manual


A
Abatement
Abatement is the proportional reduction of a legacy. It is necessary when an estate is insufficient to meet a legacy in full.
Absolute interest
Absolute interest is a full and complete interest in both income and capital. It can refer to the present or to the future when the interest vests.
Some old ‘rulings’ given by trust deed examiners in Claims Branch, Bootle, refer to ‘an absolute interest in income’. This means the beneficiary is entitled to income, but not to capital.
An ‘absolute interest in residue’ is statutorily defined in ITTOIA/S650(1)
Absolute title
A certificate of ownership of land grants an absolute title to land. The Land Registry issues the certificates. ....

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HOA updates financial laws, others


The BVI Beacon
HOA updates financial laws, others
The House of Assembly passed seven bills on April 22, most of which updated existing legislation focused on financial matters including fee waivers, trusteeships and inheritance rules. While presenting the …
Premier Andrew Fahie brought seven bills for second readings in the House of Assembly on April 22. All of them passed and now await the governor’s assent. (Screenshot: HOA YOUTUBE)
The House of Assembly passed seven bills on April 22, most of which updated existing legislation focused on financial matters including fee waivers, trusteeships and inheritance rules.
While presenting the bills for second and third readings, Premier Andrew Fahie also shared updates about participation in the stamp duty waiver programme and outlined other efforts to bring financial legislation up to date. ....

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Family Law Week: Teaching Hospitals NHS Trust v DV (A Child) [2021] EWHC 1037


Teaching Hospitals NHS Trust v DV (A Child) [2021] EWHC 1037
The case concerned an application by an NHS Trust which would permit them to not provide blood transfusions or treatment involving blood products to a 17 years and 4 month old patient, DL.

DL was required to undergo surgery for cancer and had a long history of medical intervention. Three years ago he had been baptised as a Jehovah s Witness, and in adherence to his faith did not wish to receive blood transfusions or treatment involving blood products. Prior to his baptism but whilst expressing interest in his faith, he had received a transfusion which had led him to suffer PTSD. The Trust sought a declaration that not providing transfusions should they become necessary in his latest surgery was not unlawful. DL, the Trust, and his parents (who were also Jehovah s Witnesses) had a good relationship and all agreed the surgery should take place – the only issue was treatment in the event of rare but possib ....

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