Practical and accessible, this annual guide will prove indispensable when starting, running or ending a trust, or dealing with a deceased estate, whilst ensuring you are complying with the law.
Trusts and Estates in Scotland guides you through the complexities of Scotland's unique trust and estate regime. Worked examples, tax tables and practical commentaries help to illustrate the latest legislation and the key points of practice. The reader will not only fully understand current tax law, but be comfortable applying it to their clients' trusts and estates.
Starting a trust;
Running a trust: income tax;
Running a trust: capital gains tax;
Running a trust: inheritance tax;
Running a trust: stamp duties;
Ending a trust;
Deceased estates: introduction;
Deceased estates: Practical IHT considerations;
Deceased estates: income tax and CGT;
Deceased estates: post-death rearrangements;
Deceased estates: stamp duties.
Alexander Garden is a Partner at Turcan Connell and specialises in issues concerning succession, trusts, taxation and asset protection, as well as charity law. He is Accredited as a Specialist by The Law Society of Scotland in both Trust Law and Private Client Tax. Simon Mackintosh is a Partner at Turcan Connell and specialises in tax and estate planning for private clients, and in charity law. He is Accredited as a Specialist by The Law Society of Scotland in both Trust Law and Charity Law.
Chapter 1 Introduction Chapter 2 Background Chapter 3 Starting a trust Chapter 4 Running a trust: income tax Chapter 5 Running a trust: capital gains tax Chapter 6 Running a trust: inheritance tax Chapter 7 Running a trust: stamp duties Chapter 8 Charitable trusts Chapter 9 Trusts for disabled persons and vulnerable beneficiaries Chapter 10 Ending a trust Chapter 11 Deceased estates: introduction Chapter 12 Deceased estates: practical IHT considerations Chapter 13 Deceased estates: income tax and CGT Chapter 14 Deceased estates: post-death rearrangements Chapter 15 Deceased estates: stamp duties