Now here’s an idea.
What about if we have a national appeal to raise money for Clacton, raise millions and tell voters there that we will release the funds to spend on the town the day after they vote him out at the next GE ?
Mark Johnson
@braunton-mark.bsky.social
233 followers 138 following 1.2K posts
Retired tech founder who wants a more equal world and for Bristol Bears to win the Premiership Rugby final. Not too much to ask is it ?
![HMRC guidance:
TSEM9610 - Ownership and income tax: implied trust: resulting trust - basic principle
A ‘resulting trust’ is one where the property ‘results’ (reverts, falls back) to the settlor. A resulting trust can occur where purchase costs are provided for property, or funds are provided for a bank account. The case of Pettit v Pettit [1970] AC 777 describes the ‘well known presumption of equity that a person who has contributed a share of the purchase price of a property is entitled to a corresponding proportionate beneficial interest in the property by way of implied or resulting trust’.
A resulting trust gives effect to the settlor’s presumed intention - the ‘presumption’. But see also TSEM9630 about counter-presumptions.
A resulting trust is relatively simple, in that it does not rely on the parties’ conduct. It arises by operation of the law.](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:dm52swetcttd6h7xvogf7x2w/bafkreibgcspymm4dfn7wynyudnx76iqteb7riewzu7jtuwcoj5ytkhu6pm)
