Trusts can be extremely useful in protecting assets and providing for different classes of beneficiaries but it is important to understand how they are treated for CGT and income tax.
A lifetime transfer of assets to a trust is a disposal which can trigger a liability to CGT and holdover relief is not always available. Similarly, there can be charges to CGT when beneficiaries become entitled to assets. This session looks at the different occasions when CGT may be payable.
It also examines the two different income tax regimes that apply to trusts and how to achieve the most efficient tax result.
Your CPD Certificate can be found in your Account.
Professor Lesley King
Professional Development Consultant • University of Law
Author of Wills, Taxation and Administration: A Practical Guide; A Modern Approach to Wills, Administration and Estate Planning (with Precedents); A Modern Approach to Lifetime Tax Planning for Private Clients (with Precedents); A Practitioner’s Guide to Wills; Varying the Disposition of an Estate after Death; Wills: A Practical Guide; and editor of The Probate Practitioner’s Handbook.
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