It is of paramount importance to consider how the various tax regimes - Income Tax, Capital Gains Tax, Inheritance Tax etc. - will impact the way a trust is drafted.
For example, it is often essential that the settlor and spouse are effectively excluded from benefit, in order to avoid the settlor being assessed on trust income and/or to prevent the trust property being treated as included within the settlor's estate on death under the ‘reservation of benefit‘ rules .
The following are some examples, which illustrate just a few of the many ways in which tax can be saved if you get the right advice on trusts and estates at the appropriate time:
- Agricultural Property Relief
- Entrepreneurs Relief
- Restarting a non-trading or dormant company
- Writing a Will – Don’t Forget about your Digital Assets!
- Key points and changes from the Autumn 2017 Budget
- £1 Million Tax Free on Death – Fact or Fiction?
- Planning for the Future – Who will run your business?
- Protecting the family home and savings from care fees and the taxman
- New recruits for Sutton McGrath Hartley doubles size of Wills & Probate team
- The state shovels in your coffers