Accountant's Guide to Trust
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Accountant's Guide to Trust

Accountant's Guide to Trust


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About the Book

This volume deals with what an accountant needs to know about trusts, from both a legal and taxation point of view. It shows why trusts should be used and how they can be established. In particular, the book covers the main types of trust including discretionary trusts, interest-in-possession trusts, accumulation and maintenance trusts, charitable trusts, employees' trusts, overseas trusts and bare trusts. Containing planning points as well as a number of examples, this guide aims to provide acccountants with the necessary knowledge to set up and administer a trust on behalf of their clients.

Table of Contents:
Different types of trust; why have a trust; choice of trustee; how long a trust can last and income be accumulated; IHT gifts with reservation; income tax and anti-avoidance; capital gains tax hold-over relief; discretionary trusts; accumulation and maintenance trusts; interest in possession trusts; overseas trusts; bare trusts over capital and income; charitable trusts; trusts for the disabled; protective trusts; employees' trusts; reversionary interests; residences for beneficiaries; administration clauses; trustees meetings; trust busting; stamp duty. Appendicies: an annotated accumulation and maintenance trust; a sample of a resolution by trustees.


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Product Details
  • ISBN-13: 9780851217857
  • Publisher: Sweet & Maxwell Ltd
  • Publisher Imprint: Sweet & Maxwell
  • Height: 234 mm
  • Width: 156 mm
  • ISBN-10: 0851217850
  • Publisher Date: /02/1991
  • Binding: Paperback
  • Weight: 196 gr


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