CGT & income tax treatment of trusts

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.

Learning Objectives:

• Be aware of CGT and income tax issues when dealing with trusts, and
• Be able to adapt your procedures and practice in light of them.

Downloads

Your CPD Certificate can be found in your Account.