UK Tax information website with forum, news and articles for taxpayers, businesses and professional advisers, assisting on all areas of taxation since 2000.
"UK Taxation of Trusts" is a concise yet comprehensive reference source for all who practise in this area. It is written by a specialist in the field to provide a detailed explanation of the impact of Income Tax, Capital Gains Tax and Inheritance Tax on the various types of trusts. The ...
Summary This chapter describes income and capital gains taxation of trusts, which is a highly complex subject. The approach adopted in this chapter is first to consider the tax treatment of UK resident trusts ignoring the possible application of these various anti-avoidance provisions which may ...
Markle’s American citizenship could open up the secretive finances of the royal family to outside scrutiny. If she remains a U.S. citizen, Markle will have to file her taxes to the IRS every year. And if she has more than $300,000 in assets at any point during the tax year — a ...
None of the current or impending devolved taxes for Scotland, Wales, and Northern Ireland is, or will be, examinable. Additional clarification regarding the impact of the UK leaving the European Union (EU) For exams in the period 1 June 2021 to 31 March 2022, it will be assumed that the...
towards a focus on security, continuity, and responsible wealth management reflects a broader trend in the industry and as we look ahead, it is clear that trusts will continue to play a vital role in supporting families across generations, preserving their legacy, and providing peace of mind....
If the difference between the cash dividend and the market value equals or exceeds 15 per cent of the market value on the first day that the shares are dealt in on the London Stock Exchange, then the base cost will be the market value. UK resident trustees Trustees of discretionary trusts...
of foreign trusts, and which now are attempting to discourage the use of offshore jurisdictions by their taxpayers.Both the U.S. and the UK have a complex existing regime for imposing tax on offshore trust structures. These have operated for many years and despite the current climate of ...
Taxation podcasts - scripts and updates and more - these podcasts are designed with small practitioners and reasonably financially literate taxpayers in mind, focussing on changes, problems and pitfalls in the field of taxation in the UK - hear them at h
Information regarding taxation levels and the basis of reliefs are dependent on current legislation. Individual circumstances are not guaranteed and may be subject to change. The Financial Conduct Authority does not regulate trusts. We always recommend that you speak toit’s always best to speak to ...