Tax Advisers' Guide to Trusts

7. Auflage 2024
ISBN: 978-1-5265-2390-7
Verlag: Bloomsbury

Buch, Englisch, 1032 Seiten, Paperback, Format (B × H): 156 mm x 234 mm, Gewicht: 1180 g

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.

This new edition covers the significant legislative changes reflected in several Finance Acts since the publication of the last edition in 2020. These include:

- Updates to the Trust Registration Service by HMRC following new anti-money laundering regulations

- Responses to the Government's consultation on the taxation of trusts

- Changes to the rules for additions to existing settlements from July 2020

This updated edition also includes a review of recent tax cases, including Barclays Wealth Trustees (Jersey) Ltd & Anor v HMRC (excluded property trust status and the treatment of inter-trust transfers) and a number of more recent cases relating to the interpretation of trust legislation.

A digital version of this title is available as part of our online tax resources. Contact our sales team to ask about access - [e-mail].

Autoren/Hrsg.

Kimber, Jacquelyn

Bell, Julie

Fachgebiete

• Rechtswissenschaften Ausländisches Recht Common Law (UK, USA, Australien u.a.)

Inhaltsverzeichnis

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

Über Autor(innen)

Bell, Julie
Julie Bell is an Associate Professor of Teacher Education and Secondary Literacy at the University of Nebraska at Omaha. A former high school English, speech, and theatre teacher, Julie's research interests include the teaching of young adult literature and the mentoring and induction of pre-service and beginning teachers.

Kimber, Jacquelyn
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.

Jacquelyn Kimber is a Tax Partner at Newby Castleman in Leicester.

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.