Tax Advisers' Guide to Trusts, 5th edition is a popular text covering all aspects of the taxation of trusts, from interpreting the legislation and identifying the risks in what has become an increasingly complex area, to highlighting key planning opportunities for tax and legal advisors to help their clients reduce their tax liabilities where possible. The book concentrates on UK tax rules applicable to trusts, resident in the UK or abroad.
There is a useful appendices section contains extracts from the major trust and other relevant legislation as a useful source of reference to practitioners who may be less familiar with this area. The new edition brings this subject up-to-date with the Finance Act 2014 as well as a number of important new cases.
Chapter 1: A Useful Relationship; Chapter 2: Main Trust Legislation; Chapter 3: Trust Formalities Prelims; Chapter 4: Powers and Duties of Trustees; Chapter 5: Residence and Domicile; Chapter 6: Main Taxation Rules Applicable to Trusts; Chapter 7: Relevant Property Trusts; Chapter 8: Bare Trusts and Interest in Possession Trusts; Chapter 9: Trusts for Children and Young Adults; Chapter 10: Foreign Trusts;
Chapter 11: Charitable Trusts; Chapter 12: Purpose and Heritage Trusts and Foundations; Chapter 13: Protective and Vulnerable Person Trusts; Chapter 14: Asset Protection Trusts; Chapter 15: Wills, Trusts and Statutory Trusts; Chapter 16: Employee Trusts; Chapter 17: Trusts of Land; Chapter 18: Pension Funds; Chapter 19: Trust Tax Returns.
Previous edition ISBN: 9781845923457
Nigel Eastaway is a Tax Partner at MacIntyre Hudson. He is an expert on share valuations, forensic matters and the taxation of intellectual property and has acted as an expert witness on a number of well-known cases. Jacquelyn Kimber is a Head of Business Tax Group at Moore Stephens LLP. She has over ten years' experience advising both corporate and non-corporate clients on a broad range of UK and international tax issues, including tax-efficient ownership structures, as well as employee incentives. Ian Richards is a barrister at Pump Court Tax Chambers. He advises in all areas of tax, especially in respect of offshore trusts and non-domiciled UK residents, personal tax planning for high net worth individuals (including many household names in the entertainment sector and other industries) and providing tax strategies for sheltering future profits and gains.
Chapter 1: A Useful Relationship Chapter 2: Main Trust Legislation Chapter 3: Trust Formalities Chapter 4: Powers and Duties of Trustees Chapter 5: Residence and Domicile Chapter 6: Main Taxation Rules Applicable to Trusts Chapter 7: Relevant Property Trusts Chapter 8: Bare Trusts and Interest in Possession Trusts Chapter 9: Trusts for Children and Young Adults Chapter 10: Foreign Trusts Chapter 11: Charitable Trusts Chapter 12: Purpose and Heritage Trusts and Foundations Chapter 13: Protective and Vulnerable Person Trusts Chapter 14: Asset Protection Trusts Chapter 15: Wills, Trusts and Statutory Trusts Chapter 16: Employee Trusts Chapter 17: Trusts of Land Chapter 18: Pension Funds Chapter 19: Trust Tax Returns Appendix 1: Legislation Appendix 2: Draft Legislation Appendix 3: Capital Gains Tax - Indexation Allowance for Individuals and Trusts Appendix 4: Inheritance Tax Bands Appendix 5: Period Expectation of Life (simplified) Appendix 6: Income Tax and Capital Gains Tax for Non-resident Trusts Appendix 7: Standard Provisions of the Society of Trust and Estate Practitioners: 1st Edition and 2nd Edition Appendix 8: HMRC Trusts and Estates Toolkit Appendix 9: Convention on the Law Applicable to Trusts and on Their Recognition