The taxation of trusts and estates

Walter Sinclair and Barry Lipkin

Chapter Chapter 21 in Tax Guide 2013–2014, 2013, pp 331-346 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; Supplementary Charge; Dividend Income; Trust Income (search for similar items in EconPapers)
Date: 2013
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DOI: 10.1057/9781137315298_21

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