Legal Guidance and Research / Experts / Matthew Duncan
Matthew Duncan#6722
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Matthew Duncan

Druces LLP
Matthew is a Partner in the Private Client Team at Druces LLP.

Matthew has an extensive private client practice, his particular expertise includes dealing with complex tax planning, trust and estate issues for both UK and international high net worth individuals and trustees.

Matthew deals with complex high-level estate and succession planning with particular emphasis on entrepreneurial clients and family businesses. He has also developed a strong contentious probate, trust and disputed wills practice.

Matthew is a registered will draftsman in the Dubai International Financial Centre's (DIFC) Wills and Probate Registry where he is authorised to draft and advise on the production of DIFC compliant wills.  Matthew is also a professional deputy for the Court of Protection and writes a monthly feature in the Solicitors Journal.

Practice Area

Panel

  • Consulting Editorial Board

Qualified Year

  • 1998

Membership

  • STEP

Qualifications

  • LPC (1996)
  • LAW (LLB) (1995)

Education

  • Guildford Law School (1995–1996)
  • The University of Reading (1992–1995)

1 Contributions by Matthew Duncan

UK IHT: Gifts with Reservation of Benefit—statutory rules, land and co-ownership exceptions, POAT and RNRB interactions, trusts, associated operations, key cases and practical guidance
PRACTICE NOTES
UK IHT: Gifts with Reservation of Benefit—statutory rules, land and co-ownership exceptions, POAT and RNRB interactions, trusts, associated operations, key cases and practical guidance
History of the gift with reservation (GWR) regime Under the former capital transfer tax system, there were no provisions dealing with a donor keeping back any benefit from a gift, and this gap was widely and repeatedly exploited in practice. For instance, individuals might give away a house or land yet continue to occupy the home as if nothing had changed there. From 18 March 1986, the inheritance tax (IHT) rules introduced measures designed to curb such abuse, coinciding with the arrival of potentially exempt transfers. Over time, numerous schemes were crafted to let donors pass assets on while keeping enjoyment of them, in one form or another. Consequently, the Finance Act 2004 brought in an income tax charge on advantages enjoyed by former property owners, more commonly known as the pre-owned assets charge (POAT). What is a gift with reservation of benefit?...
Private Client
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