Description
Bloomsbury Publishing (UK) Tax Advisers Guide to Trusts by Nigel Eastaway Jacquelyn Kimber Ian Richards
Demystifies the subject of tax and explains the tax rules and the way in which trusts can be used in practice as a flexible and effective means of wealth accumulation and protection. This book concentrates on 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.Updated to include significant legislative changes in administration enforcement reporting capital gains tax income tax inheritance tax and case law including: The Rangers Football Club Plc v Advocate General for Scotland [2017] UKSC 45 re EBTs and payments of earnings particularly relevant to trustees of employee trusts; and Barclays Wealth Trustees (Jersey) Ltd & Anor v HMRC [2017] EWCA Civ 1512 re excluded property trust status and the treatment of inter-trust transfers.