Trust Taxation and Estate Planning 4th ed

The new edition of Trust Taxation provides in-depth reference on tax planning for trusts. It explains the different inheritance tax, capital gains tax and income tax regimes and how they apply to specific trusts and to real-life scenarios.

Throughout, potential problem areas are highlighted alongside clear, practical advice for sound tax planning. Precedents are also provided for dealing with a variety of situations.

• Covers the tax consequences of creating and ending a trust, as well as the tax issues to consider during the lifetime of each type of trust and on distributions to beneficiaries
• Uses specific scenarios to explain how the taxes are applied
• Advises on the most appropriate trusts to use in varying situations
• Describes how past and present schemes worked and what legislation has been introduced to counteract them
• Advises on how to review current trust arrangements and explains what action may need to be taken
• Takes into account recent legislative and case law developments
• Considers administration issues for personal representatives
• Examines specific planning arrangements, including the family home
• Includes sample tax calculations, precedents, flow charts and checklists to guide practitioners through the tax maze
• Covers specialist areas such as Bare Trusts, Reverter to Settlor Trusts and trusts for children