The taxation of trusts and estates

Walter Sinclair

Chapter 21 in St. James’s Place Tax Guide 2002–2003, 2002, pp 342-356 from Palgrave Macmillan

Abstract: Abstract A trust is brought into existence when a person (the settlor) transfers assets to trustees for the benefit of third parties (the beneficiaries). Another word for a trust is a settlement. A trust may also be created under a will when a person (the testator) sets aside the whole or a portion of his estate to be administered (by trustees) for the benefit of his heirs or other beneficiaries. (Where an individual declares himself to be a trustee of certain of his assets a trust will also come into existence.)

Keywords: Capital Gain; Capital Payment; Dividend Income; Trust Income; Business Asset (search for similar items in EconPapers)
Date: 2002
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DOI: 10.1057/9780230287716_21

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