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Is a disabled persons trust suitable?

It may be in certain circumstances.

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What is the 10 yearly charge?

An inheritance tax charge dependent upon the value of the assets of the trust.

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What is the tax pool?

It represents tax paid by the trustees which is available to meet any payments to beneficiaries.

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Is there any tax payable during the lifetime of the trust?

Potentially there could be income tax, capital gains tax and inheritance tax.

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Is there any tax payable when a trust is created?

Potentially there could be capital gains tax or inheritance tax.

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  • About us
    • Meet the Team
    • Office Locations
    • Join the Team
  • Services
    • Starting a Business
    • Finance Function
    • Moving to the Cloud
    • Insolvency
    • Plan for the Future
    • Save Time
    • Xero
    • Year-end Accounts
    • Management Accounts
    • Payroll
    • VAT
    • Audits
    • Business Planning
    • Mergers and Acquisitions
  • Specialisms
    • Farming
    • Charities
    • Academies
    • Tax Specialisms
      • Inheritance Tax
      • Trusts & Estates
      • Capital Gains Tax
      • Personal Tax
      • Business Tax
      • Property Tax Planning
        • Making Tax Digital
    • Tourism & Leisure
    • In-house Bookkeeping
  • Blog
  • Resources
  • Events
  • Success Stories
  • GET STARTED
  • CONTACT US