Tax Advisers' Guide to Trusts

The text is well researched with references to many key cases and legislation. It also contains some helpful worked examples. It is a useful text to have on your bookshelf

Préface
Clearly explains the relevant tax legislation relating to trusts to allow practitioners to help clients with accumulating and protecting their assets.

Auteur
Jacquelyn Kimber is a Tax Partner at Newby Castleman in Leicester. Her areas of expertise include business restructuring, for example through demergers, succession planning and the tax efficient extraction of profits. Julie Bell is a private client expert dealing in all aspects of private client law, including Wills, inheritance tax planning, trust creation and administration, Lasting Powers of Attorney, deputyship work and charities.

Texte du rabat
This title is written to provide tax advisers an understanding of the UK tax rules applicable to trusts resident in the UK or abroad, and the resultant tax liabilities of the trustees, settlors and beneficiaries, and opportunities for reducing those liabilities where possible. As well as background to trusts and trustees powers and duties, the commentary deals with the main types of private trusts and the rules that apply to them- these cause practitioners the biggest headache. There are also important chapters in residence and domicile and foreign trusts, charitable trusts, and purpose and heritage trusts. A number of specialist areas such as protective and vulnerable persons trusts are also dealt with. The commentary is updated in line with recent important case developments including Routier, and Quentin Skinner. The impact of Brexit, and Covid-19, including the Stamp Duty holiday, is covered, as is the introduction of new intestacy rules in February 2020, and the impact of the new money laundering regulations on trusts. Recent changes to the Inheritance Tax Act 1984 (s.48(3) (excluded property) and s. 81 (settlements)) are also covered. This new edition contains a significant number of new worked examples to illustrate the points made in the commentary. A digital version of this title is available as part of our online tax resources. Contact our sales team to ask about access - onlinesales@bloomsburyprofessional.com

Contenu

1. A Useful Relationship 2. Main Trust Legislation 3. Trust Formalities 4. Powers & Duties of Trustees 5. Residence & Domicile 6. Main Tax Rules Applicable to Trusts 7. Relevant Property Trusts 8. Bare Trusts & IIPs 9. Trusts for Children & Young Adults 10. Foreign Trusts 11. Charitable Trusts 12. Purpose and Heritage Trusts and Foundations 13. Protective & Vulnerable Person Trusts 14. Asset Protection Trusts 15. Wills, Trusts & Statutory Trusts 16. Employee Trusts 17. Trusts of Land 18. Pension Funds 19. Trust Tax Returns