We are still awaiting the promised consultation on the taxation of trusts announced in the Autumn 2017 Budget. However, in the meantime HMRC have updated their guidance on how different types of trust income are taxed, what management expenses and reliefs can be deducted, and understanding the tax pool.
Please contact us if you are considering setting up a trust or wish to discuss estate planning more generally.
Bryden Johnson WordPress Training April 18th 2019