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Correcting mistakes

21 September 2010 / Harriet Brown
Issue: 4273 / Categories: Comment & Analysis , Inheritance Tax
HARRIET BROWN explains how the adverse tax consequences of a deed of variation were rectified

KEY POINTS

  • The factors affecting rectification.
  • When will a rectification not be ordered?
  • A review of past cases.
  • Distinctions between intention and effects.
  • Danger of reliance on the principle of rectification.

‘To err is human; to forgive divine’ and there are very few of us who have never made a mistake. Wrongly attributing this quote to Shakespeare is unlikely to be a critical misstatement but allowing an error to creep into a legal document such that it does not accurately record the intentions of the parties to it can have much more serious consequences.

Unfortunately it does happen and where a document does not accurately record the agreement between parties the court will under certain circumstances rectify it.

The decision in the recently-decided case of Ashcroft v...

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