One of the perennial items on everyone’s end of financial year checklist is the proper execution of trust resolutions, ensuring that trustees are not taxed on trust income at the top marginal rate (45%). For family trusts in particular, these distributions often require additional consideration prior to the end of this financial year following some…
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To print this article, all you need is to be registered or login on Mondaq.com. Asia is now home to more than a quarter of the world’s 2,754 billionaires and this portion is predicted to rise to one-third by 2023, according to Wealth-X’s 2021 Billionaire Census. This wealth eruption has generated a spate of direct…
Read More “Structures For Singapore Family Offices With Active Local Investments – Trusts” »
Key takeaways: There are new obligations in the UK applying to express trusts arising in corporate transactions. Where an express trust exists the trustees will be required to keep beneficial ownership records and, in some cases, register the trust with HM Revenue and Customs. The scope of the HM Revenue and…
