Subjects:

Taxation, Equity and Trusts, Taxation

Contents:

Section 1
Background: types of trust, rights of beneficiaries

Definitions: settlements, settlor, residence, etc

Section 2
The different taxes outlining the new regime for different trusts, includes specimen tax calculations and forms: Income Tax, Capital Gains Tax, and Inheritance Tax.

Section 3: Planning for typical situations
The family homes and chattels

The family company

The family business and farm

Pensions

Investment Trusts

Life policies and other life products held in trust

Offshore trusts

Wills and deeds of variation

Bare trusts and trusts for minors

Charitable and purpose trusts

Disabled trusts and trusts for vulnerable beneficiaries

Bypassing trusts- alternative structures under the new regime

Dealing with existing trusts under the transitional regime

Section 4: Precedents
Bare Trusts

Interest in possession trust

Discretionary trust

Disabled trust

Letter of wishes

Wills (incorporating NRB and new style interest in possession trusts)

Variation (incorporating NRB and interest in possession trusts)

Section 5: Appendices
Legislation

SI's, provisions, guidance

This new book is designed to help practitioners familiarise themselves with the new tax regimes and work out how this is likely to affect their day-to-day work. It will explain what needs to be done to current arrangements and will also affect any arrangements they are likely to make in the future.

• Explains the new tax regimes as they apply to trusts
• Advises on how the taxes are applied to common scenarios
• Describes how to review current trust arrangements and what action to take if necessary
• Goes into detail on the best planning techniques for specific situations
• Begins with basic definitions of the trusts and the taxes, before moving on to more involved tax planning scenarios.
• Includes example tax caculations
• Provides a selection of precedents, and contains relevant legislation and related materials