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Discretionary Trusts

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Taxation of discretionary trusts holding pure protection policies - Quick reference guide

A quick reference guide providing information on the tax treatment of a life assurance/pure protection policy when subject to a discretionary trust.

Taxation of discretionary trusts - Quick reference guide

The Inheritance Tax treatment of discretionary (relevant property) trusts can be complicated. We have broken this down into three quick reference guides to help make the subject easier to digest.
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Absolute and discretionary trusts

Some features of the Old Mutual Wealth Absolute and Discretionary (Settlor excluded) Trusts. This overview is not exhaustive and should be read in conjunction with Old Mutual Wealth’s other technical material available here.
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Nil-rate band discretionary trusts

Since the introduction of the transferable nil-rate band, the use of the nil-rate band discretionary trusts is now appears limited for estate planning. However, it remains an important tool in effective estate planning.
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The mechanics of a flexible carve out trust

We often are asked to explain what a ‘carve-out trust is. This is a trust which separates out different interests (or rights), some of which are generally held absolutely for the settlor of the trust and some of which are held on settlement for the beneficiaries (where the settlor is excluded from benefitting).
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Types of discretionary trusts

Discretionary trusts an how they can be used by UK domiciled investors. This article only considers UK inheritance tax and does not take into account other taxes or local rules.
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Rysaffe principle

The Rysaffe case is often referred to within trust planning. It demonstrates that there are various ways of using multiple trusts in order to achieve effective tax planning.

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