IRC v Broadway Cottages [1955]
![IRC v Broadway Cottages [1955]](https://images.unsplash.com/photo-1732717566587-f5a155bd8dea?crop=entropy&cs=tinysrgb&fit=max&fm=jpg&ixid=M3wxMTc3M3wwfDF8c2VhcmNofDEwfHxpbnN1cmFuY2UlMjB8ZW58MHx8fHwxNzM2NzYxNzA1fDA&ixlib=rb-4.0.3&q=80&w=1200)
Key Notes
• Facts: The case dealt with the certainty of beneficiaries in discretionary trusts. The court ruled that a list of beneficiaries must be complete and clear for a discretionary trust to be valid.
• Requirement of List Certainty: The decision emphasised the need for certainty in the list of potential beneficiaries in a discretionary trust.
• Overruled in McPhail: The strict requirement for a complete list of beneficiaries was later overruled in McPhail v Doulton (1971), which introduced a more flexible test for certainty of objects in discretionary trusts.