Tax Risk for Discretionary Trusts

Tax Risk for Discretionary Trusts

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

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