Trusts
Trusts have many uses. They are often utilised to protect the interests of minors. At the same time they are a useful vehicle for wealth preservation.
Trusts are an important and essential part of the armoury of any tax planner. They provide an effective tool in mitigation of taxation and in particular capital taxes. For individuals who are not domiciled in the United Kingdom they offer additional benefits.
Whilst the legislation under the Pre-Owned Assets regime attempts to blunt the effectiveness of trusts they nonetheless continue to provide an efficient and effective option.
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