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Trusts – Signpost Trusts – introduction This signpost pulls together all of our articles and resources on trusts. Please feel free to browse the content. If you have any queries 
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The taxation of trusts is a particularly complex area of tax and this article is intended to provide an overview of some of the tax issues which will need to 
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The taxation of trusts is a particularly complex area of tax and this article is intended to provide an overview of some of the tax issues which will need to 
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Introduction – Trust Inheritance Tax As Frank Sinatra sang, trusts and Inheritance Tax go together like a horse and carriage. Or something like that. However, it is true that when 
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Introduction – trust capital gains Regardless of whether the trust is an IIP or a DT then it will be liable to pay capital gains tax on where the trustees 
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Trust Income tax General position  The trustees will pay income tax any trust income They will pay this tax on behalf of the trust under the normal self-assessment rules. In 
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Background – What is a trust? So, what is a trust? Getting your head around precisely what a trust is has sent many a person, including advisers, to the brink 
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What is an Interest in Possession trust? An Interest in Possession trust is a trust where a beneficiary has an absolute right to the income of the trust. They are 
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What is a Discretionary Trust? This is one of the main types of ‘proper’ trust sitting alongside the Interest in Possession (‘IIP”). Note, it is considered that a bare trust 
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What is a bare trust? A bare trust is the simplest form of trust. It is basically a nominee agreement. Essentially, the bare trustee holds legal ownership on behalf of 
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