Tax changes dull trusts' sparkle

Friday, July 17, 2020

Private trusts used to be one of the best ways of planning for the smooth transfer of, in particular, immovable property from late parents to heirs.

Most wealthy parents used to make use of this vehicle, as an estate planning mechanism and it would legally suppress Capital Gains Tax and Donations & Inheritance Tax on inheritances.

Private trusts are vehicles which are created mainly to house property on behalf of heirs with the main benefit of facilitating smooth and tax-free transfers to heirs.

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Tax changes dull trusts' sparkle

Private trusts used to be one of the best ways of planning for the smooth transfer of, in particular, immovable property from late parents to heirs.