Trusts & Tax
Below are our 11 articles in the 'trusts & tax' category:
Frequently, trusts are established with the intention of mitigating a tax liability. More often than not this concerns inheritance tax (IHT) and planning; trusts can be an efficient method of ...
Capital Gains Tax (CGT) can represent a significant outlay in some circumstances. Essentially, CGT charges arise when assets have increased at value at the point at which they are ‘disposed of’. ...
The implications of Capital Gains Tax (CGT) for asset-holding individuals can be significant. As is explained elsewhere on this site, CGT is a potentially large outlay, particularly for investors. ...
Bare trusts can be a very useful tool in a number of circumstances. The trustee in a bare trust has no power of choice over the disbursement of the assets, in contrast to, for example, a ...
Discretionary trusts can be highly useful estate planning tools. The effective use of such a trust can ensure that Nil-Rate Band inheritance tax exemptions are used to their full effect; as such ...
Interest in possession trusts can be very useful when a settlor (that is, the individual establishing a trust) wishes to provide a beneficiary with a regular income. If the settlor has an ...
It is common to hear about wealthy individuals relocating to so-called ‘tax havens’ in an attempt to mitigate their tax liabilities. For most people, however, this is neither a practical nor a ...
Capital Gains Tax (CGT) is a frequently overlooked expenditure. While it is a major consideration for investors and businesses, some individuals may never incur a CGT charge. However, when ...
In many cases, trusts are established with the intention of separating the settlor from certain assets. There are a number of potential reasons for this, the most common being a desire to mitigate ...
There are a number of key phrases in trust law that, while frequently used, are seldom defined. Absolute entitlement is one such phrase. The concept of absolute entitlement is important as it ...
For the self-employed, tax self-assessment is an unpleasant fact of life. The annual rush to get your self-assessment in on time is something with which several million people cope every year. In ...
