Guide

Tax planning disaster - Guernsey court to the rescue setting aside transfer to a trust on grounds of mistake (Whittaker v Concept Fiduciaries Ltd) 

The Royal Court has recently saved the owner of the successful Slimming World business from transferring the proceeds of her life's work into a tax planning structure which turned out to be fundamentally flawed. The Court gave guidance on setting aside a trust on the basis of mistake in the tax planning context.