Trust Planning

This course, which examines the main tax and tax planning principles for UK-resident interest in possession and discretionary trusts, seeks to demystify what is seen as a complicated fiscal code in a straightforward and understandable manner.  The speaker uses numerous worked examples to elaborate his explanations. 

Content  

• Overview of interest in possession and discretionary trusts  
• CGT charges on the creation of trusts  
• Disposals by trustees to beneficiaries  
• Disposals by trustees to third parties  
• Business asset disposal relief and trusts  
• The post-FA 2006 impact of the IHT rules  
• Some initial thoughts on a 10-year anniversary and exit charges  
• Case study showing calculation of entry charge for discretionary trust  
• Case studies showing calculations of exit and 10-year anniversary charges  
• Income tax charges on trustees and beneficiaries  
• Tax pool issues  
• CGT and IHT planning  
• Pilot trusts

The content for Online courses predating 2024 may vary.