Use of Trusts
The use of trusts may be beneficial in deferring tax liabilities. Assets may rest in a trust with no individual having a beneficial interest therein. However there are significant once-off and annual tax charges relating to trusts which may erode the tax saving benefit.
The use of trusts is a complex matter for both tax and legal reasons. We can provide tax advice on such matters by way of consultation for which a separate charge will arise.