
Tax Risk for Discretionary Trusts
- AllBusiness LawUncategorized
- 12 November 2020
Recent Changes to the Duties Act impose stamp duty and land tax surcharges on Discretionary Trusts, including Testamentary Discretionary Trusts, where there is a potential for a beneficiary to be a “Foreign Person” (for the purposes of the Duties Act). Even where there are no actual “Foreign Persons” as beneficiaries of the trust, if there
read More