trusts, but to be held on bare trust for himself.
trust for grandchildren.
they held the shares on trust for grandchildren.
document transferred beneficial interest from settlor to grandchildren, and
as such stamp duty payable.
the beneficial interest, and such a direction did not require writing under
s53(1)(c) to be valid.
disposition was within s53(1)(c) so needed to be in writing.
trustees to hold the trust property on different trusts which they also administer is void unless in writing.
proposition that a direction to bare trustees to transfer the property to other trustees on different trusts is
similarly void unless in writing.
v IRC, House of Lords decided
such a direction was valid when given