Non-resident Trusts

Patrick C. Soares (Autor)

Buch

240 Seiten

1993 | 4th Revised edition
Sweet & Maxwell (Verlag)
978-0-85121-929-5 (ISBN)

Infos

Supported by extensive examples, this text covers all the important issues practitioners need to consider before giving appropriate advice. It examines the attractions of offshore trusts and gives instructions on how to prevent existing trusts falling foul of the Finance Act 1992. Features include an examination of tax planning traps and opportunities; and worked examples, flow charts and checklists illustrate the issues practitioners need to consider. The book discusses the law and practice of using non-resident trusts in a practical context. The author concentrates on the wide range of Non-Resident Trusts, also known as offshore trusts, arise when the general administration of the trust is originally carried out outside the United Kingdom and the trustees or a majority of them are not resident or ordinarily resident in the United Kingdom. This book discusses the law and practice of using non-resident trusts in a practical context. The author concentrates on the wide range of trusts available and demonstrates the uses to which they can be put.
Pitfalls and opportunities are highlighted throughout the work so effective tax planning can be maintained and the consequences of falling foul of the 1991 Finance Act legislation is covered in detail. Non-Resident Trusts covers the issues practitioners need to consider and illustrates them with extensive examples, checklists and flow charts. It offers a high level of advice to those dealing with structuring complex trusts. It also includes detailed advice which can be used in practice, thus assisting practitioners in the provision of lucrative fee-earning advice and clearly defines the dangers of falling foul of the 1991 Finance Act measures. The author is known for practical works full of innovative tax-minimizing schemes.trusts available and demonstrates the uses to which they can be put.

Inhalt

Tax provisions for overseas trusts - introduction - what makes a trust an overseas trust?, income tax - general principles applicable to overseas trusts, income tax - the income tax settlement code - T.A. 1988, ss 739 and 740 (transfer of assets abroad), overseas trusts under the inheritance tax regime, Capital Gains Tax, the general CGT regime for non-resident non-settler interested settlements, the deemed 10per cent interest charge, planning points for CGT, offshore fund legislation, Stamp Duty; Particular settlements and transactions - "Vestey" settlements, excluded property settlements, dual structures, individuals breaking residence and ordinary residence quickly, tax treaties, buying UK property via trust exportation of settlements, the UK as a tax haven for non-UK domicilaries, trusts and land overseas, starship trusts, sale of asset - money box trusts, childrens' trusts, investing in UK land - roll ups, income tax and VAT, three tier trust structure. Appendices: overseas trusts checklist; overseas trusts and their underlying companies - questions and answers; statements of practice and ESC's. (Part contents).

Produkt-Details

• Zusatzinfo: flow charts, checklists
• Verlagsort: London
• Sprache: englisch
• Maße: 156 x 234 mm
• Gewicht: 597 g
• Themenwelt: Recht / Steuern ► EU / Internationales Recht
• Themenwelt: Recht / Steuern ► Privatrecht / Bürgerliches Recht ► Besonderes Schuldrecht
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht ► Gesellschaftsrecht
• ISBN-10: 0-85121-929-2 / 0851219292
• ISBN-13: 978-0-85121-929-5 / 9780851219295
• Zustand: Neuware