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Arctic Systems Result and fall-out


Friday 21st March 2008

The House of Lords has decided Jones v. Garnett (Arctic Systems) in favour of Mr Jones overall, while agreeing with HMRC on the issue of whether the arrangement constituted a settlement for the purposes of the settlements legislation. In particular, the House of Lords has held that a gift consisting in ordinary shares is not a gift wholly or substantially of income. This article analyses the opinions in the House of Lords and the Government response to the decision, and provides some practical advice for tax advisers.

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Roddy McIlvride and Philip Simpson Appointed Queen's Counsel
19 Sep 2014
Terra Firma Chambers is delighted to announce that Roddy McIlvride and Philip Simpson have been appointed Queens Counsel. There were four new appointments made by Her Majesty the Queen on the recommendation of the First Minister following nominations by the Lord Justice General, the Rt Hon. Lord Gill. This brings the number of silks at Terra Firma to 15 and increases the strength and depth of senior Counsel available within the stable.
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