Full Description
"UK Taxation of Trusts" is a concise yet comprehensive reference source for all who practise in this area. It is written by specialists in the field to provide a detailed explanation of the impact of income tax, capital gains tax and inheritance tax on the various types of trusts. The book also includes fully revised chapters covering the UK taxation of offshore trusts, as well as: worked examples and illustrations; all the information you need in one concise guide; contains UK and offshore resident trusts; references to the Revenue Trust Manual; and,the provisions of the Finance Act 2007 (including the changes to the IHT treatment of trusts).
Contents
PART 1 - UK Resident Trusts; 1. Setting the scene; 2. Types of trust; 3. Interests of beneficiaries; 4. The settler - Anti-avoidance provisions; 5. Trustees' tax liability and compliance in summary; 6. Income Tax; 7. Capital Gains Tax; 8. Inheritance Tax - Definitions; 9. Inheritance Tax - Interest in possession settlements; 10. Inheritance Tax - Accumulation and maintenance settlements (created before 22 March 2006); 11. Inheritance Tax - 'Relevant Property' settlements - The ten year charge; 12. 'Relevant Property' settlements - The exit charge; 13. Discretionary settlements made before 27 March 1974; 14. Inheritance Tax - Administrative matters; 15. The use of 'relevant property' settlements; 16. The use of non-discretionary settlements - before 22 March 2006 and those still within the Section 49(1) regime; 17. Charities; 18. Self-Assessment; 19. Stamp Duty Land Tax; PART 2 - Non-UK Resident Trusts; 20. Residence, ordinary residence and domicile; 21. Income Tax; 22. Capital Gains Tax; 23. Inheritance Tax; 24. The use of offshore trusts in tax planning; Appendices; Index.
