Three professional bodies have joined forces to produce new guidance on the residence of trusts.
Three professional bodies have joined forces to produce new guidance on the residence of trusts.
HMRC approved the guidance prepared by the CIOT the ICAEW Tax Faculty and the Society of Trust and Estate Practitioners which is available via www.lexisurl.com/8GbVS.
The note covers the practical application of ITA 2007 s 475(6) and TCGA 1992 s 69(2D).
Its publication follows concerns that the FA 2006 ‘trust modernisation changes’ to those rules ‘discourage settlors and trustees from using UK advisers’.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Three professional bodies have joined forces to produce new guidance on the residence of trusts.
Three professional bodies have joined forces to produce new guidance on the residence of trusts.
HMRC approved the guidance prepared by the CIOT the ICAEW Tax Faculty and the Society of Trust and Estate Practitioners which is available via www.lexisurl.com/8GbVS.
The note covers the practical application of ITA 2007 s 475(6) and TCGA 1992 s 69(2D).
Its publication follows concerns that the FA 2006 ‘trust modernisation changes’ to those rules ‘discourage settlors and trustees from using UK advisers’.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
