Trust Tax

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:

  • Disabled Person Trusts
  • Vulnerable Persons Trusts
  • Interest in Possession Trust
  • Non domiciled UK residents
  • Trusts for Inheritance Tax planning