Full Description
Practical and accessible, this annual guide will prove indispensable when starting, running or ending a trust, or dealing with a deceased estate, whilst ensuring you are complying with the law.
Trusts and Estates in Scotland guides you through the complexities of Scotland's unique trust and estate regime. Worked examples, tax tables and practical commentaries help to illustrate the latest legislation and the key points of practice. The reader will not only fully understand current tax law, but be comfortable applying it to their clients' trusts and estates.
Covers:
Introduction;
Background;
Starting a trust;
Running a trust: income tax;
Running a trust: capital gains tax;
Running a trust: inheritance tax;
Running a trust: stamp duties;
Charitable trusts;
Ending a trust;
Deceased estates: introduction;
Deceased estates: Practical IHT considerations;
Deceased estates: income tax and CGT;
Deceased estates: post-death rearrangements;
Deceased estates: stamp duties.
Contents
Chapter 1 Introduction
Chapter 2 Background
Chapter 3 Starting a trust
Chapter 4 Running a trust: income tax
Chapter 5 Running a trust: capital gains tax
Chapter 6 Running a trust: inheritance tax
Chapter 7 Running a trust: stamp duties
Chapter 8 Charitable trusts
Chapter 9 Trusts for disabled persons and vulnerable beneficiaries
Chapter 10 Ending a trust
Chapter 11 Deceased estates: introduction
Chapter 12 Deceased estates: Practical IHT considerations
Chapter 13 Deceased estates: income tax and CGT
Chapter 14 Deceased estates: post-death rearrangements
Chapter 15 Deceased estates: stamp duties
