Baker trust meaning

In this issue: Building Safety Procurement in construction Arbitration Litigation Dispute Resolution Assignment Standard form construction contracts Construction industry news Daily and weekly news alerts New and updated content Construction trackers Building Safety MHCLG publishes response to Grenfell Tower Inquiry Phase 2 report MHCLG has issued its response to the Grenfell Tower Inquiry’s Phase 2 report (4 September 2024). The government has accepted all 58 recommendations, unveiling far-reaching reforms across construction, building and fire safety. From mid‑2025 it will release quarterly progress updates, alongside an annual report to Parliament. Delivery will be staged: Phase 1 (2025–2026) advances the existing regulatory reform programme; Phase 2 (2026–2028) will develop proposals to implement the recommendations and wider reforms, including legislative change; from 2028, MHCLG will concentrate on delivery. In parallel, a green paper sets out institutional and regulatory proposals for the construction products regime, addressing the Inquiry’s recommendations and the Morrell‑Day Review. The consultation closes...

CCC (by her mother and litigation friend MMM) v Sheffield Teaching Hospitals NHS Foundation Trust [2026] UKSC 5 Background On this appeal, the Supreme Court was invited to determine whether a child claimant may recover compensation for financial loss arising from her inability to work during the portion of her expected lifespan she has lost as a consequence of the defendant’s clinical negligence. Such damages are referred to as ‘lost years’ damages. The claimant, CCC, sustained a profound brain injury due to hypoxia at her birth in 2015, leaving her with a reduced life expectancy of 29 years. The defendant, Sheffield Teaching Hospitals NHS Foundation Trust, runs the hospital where she was delivered and has accepted responsibility for the negligent care that caused her injury. At trial, it was common ground that, had she not been harmed, she would have enjoyed a normal life expectancy. The parties also accepted that she would probably have obtained General Certificate of Secondary Education (GCSE) and other qualifications leading to paid employment,...

Private Client England & Wales glossary A Abatement When, after settling the deceased’s funeral costs, debts and liabilities, the remaining estate cannot satisfy all legacies in full, the gifts are reduced accordingly, unless the Will shows a different intention. In a solvent estate, the order for reduction appears in Part II of Schedule 1 to the Administration of Estates Act 1925. Refer to Practice Note: Payment of legacies. Accruals basis Where income is taxed on an accruals basis, it is attributed to a given tax year by reference to the number of days within that year during which the activity giving rise to the liability accrued. See Practice Note: What is the basis of income tax?. Accumulation and maintenance (A&M) trust A form of non‑interest in possession trust designed to benefit children and young people up to 25, which received favourable inheritance tax treatment between 1975 and 2006. See Practice Note: Accumulation and maintenance trusts—IHT [Archived]. Accredited Legal Representative (ALR) ...

The way a distribution from a trust is taxed in the hands of the recipient turns first on whether it is income or capital. Fixed interest trusts (life interest trusts) In a fixed interest trust, one or more of the beneficiaries are entitled to receive the trust’s income as of right for a specified period or term. Where the arrangement is a life interest trust, the beneficiary, or life tenant, enjoys an absolute entitlement to the trust’s underlying income; that entitlement is known as an interest in possession. By comparison, within a discretionary trust the trustees have the power to decide whether, when and how much income to distribute to the beneficiaries from time to time. These distinctions are significant because they point to the source from which the income arises in each case. Identifying the source is important because it fixes the tax character of any distribution made by the trust for the recipient. For a fixed interest trust, the source of the income is the income‑producing...

ARCHIVED : This Practice Note has been archived and is not maintained. Keeping pace with case law that shapes a practice area is a constant challenge for practitioners. This Practice Note distils the principal appeal decisions (Court of Appeal and Supreme Court, and, where appropriate, the Court of Justice of the European Union (CJEU)) that we have reported, providing users with straightforward access to those rulings. The tracker is browsable, and cases are grouped under the following headings: Key DR developments, Applicable law, Jurisdiction, Service, Limitation, Claims and remedies, Injunctions and other relief orders, Pre-action, Litigation, Case management, Applications specific, Evidence and disclosure, Settlement, ADR, Appeals and Judicial Review, Costs and funding, Enforcement, Insolvency Alternatively, search the tracker using [CTL]+[F]. This resource is not intended to be a complete catalogue of all appeals. Key DR developments Brexit—Supreme Court—Article 50 litigation―UK Supreme Court rules on the limits of the prerogative and devolved powers In its highly anticipated judgment in R (on...