“… trust”. In a similar vein, Millett LJ, whose views were endorsed on appeal (see [2000] 1 AC 293, at 305 and 310) said in Ingram v Inland Revenue Commissioners [1997] 4 All ER 395 of “the rule which precludes a trustee from purchasing the trust property”, at 424-425, “The purchase is not a nullity, though it is voidable at the instance o…”
“…The question in Ingram v HMRC [1997] 4 All ER 395 was whether it was possible for Lady Ingram to grant a valid lease to her solicitor (Mr Macfayden) as nominee. In a dissenting judgment (subsequently approved …”
“…The next case which I need to consider is Ingram v IRC, which was decided in the Court of Appeal by Nourse, Evans and Millett LJJ in 1997 (see [1997] 4 All ER 395), and on further appeal by the House of Lords in 1998. I have already quoted the explanation given by Lord Hoffmann of the policy of section 102 of FA 1986: se…”