Nelson v Greening and Sykes (Builders) Ltd
Court of Appeal
“Although the practical effect of a beneficial owner of property making a declaration of trust in favour of a third party would be to get rid of the trust of an equitable interest then subsisting, as a matter of law, the beneficial owner would not drop out of the picture but would hold the beneficial interest on trust for the third party.”
The Times, 22nd January 2008
Source: www.timesonline.co.uk
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