With trusts, there are a number of “do’s” and “don’ts”, and getting it wrong can be costly, especially as trustees are personally liable for the trust’s (and beneficiaries’) tax obligations.
Trustees are generally not familiar with the complexities of how trusts are taxed, such as issues that can arise under the bright-line test, debt forgiveness programmes, trust resettlements and the change in the tax residence status of settlors, trustees and beneficiaries. It is up to professional advisers to be proactive and make their clients aware of these issues.
This webinar is intended to help professional advisers know what tax traps to avoid so they can ensure that their clients make best use of their trust structures.
Accountants of all levels, tax lawyers, trust lawyers and others who act as trustee of clients’ trusts.
Stephen Tomlinson, Principal, Tomlinson Law
1.5 CPD Hours