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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Related Items
- Tax rates for earnings in excess of £150,000
- Tax Planning Guide 2009/10
- Tax Rates 2009/10
- Year End Strategies 2008/09
- VAT Advantage - a process to help you keep on top of VAT
- Cross border movement of goods. VAT nightmare!
- A guide for overseas businesses entering the UK
- A guide for individuals coming to work in the UK
