Practical Trusts

Guidance on the legal considerations when establishing trusts, their use in practice and the ensuing tax consequences. More than just a discussion of the law surrounding trust taxation, this work also examines the practical issues facing practitioners.

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This work provides expert guidance on establishing trusts, their use in practice and the ensuing tax consequences. The author adopts a strong practical approach, working through the reasons for having a trust, the selection of an appropriate trust and the benefits of particular types of trusts. Supporting this are sample tax returns, calculations and specimen annotated trusts tailor-made for use in practice. Other practical issues such as administrative clauses and powers, overseas settlements and high value drafting points for ensuring maximum tax efficacy for clients are also examined. The wide-ranging tax regime applicable to trusts is assessed and rendered of practical use by the wealth of examples and key drafting points. * Highly practical coverage of managing tax implications of various types of trusts * Covers key drafting points for high value tax planning * Text supported by calculations and sample tax returns * Includes precedents of an interest in possession trust and to several other types of trusts