Tax Advisers' Guide to Trusts 8th ed

Author: Jacqueline Kimber; Julie Bell
Publisher: Bloomsbury Professional (formerly Tottel Publishing)
ISBN: 9781526535276

Previous Edition ISBN: 9781526523907
Published In: June 2026
Format: Paperback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents

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This title is written to provide tax advisers with an understanding of the UK tax rules applicable to trusts resident in the UK or abroad, and the resultant tax liabilities of the trustees, settlors and beneficiaries, and opportunities for reducing those liabilities where possible.

As well as background to trusts and trustees' powers and duties, the commentary deals with the main types of private trusts and the rules that apply to them . There are also important chapters on residence and domicile and foreign trusts, charitable trusts, and purpose and heritage trusts. A number of specialist areas such as protective and vulnerable persons trusts are also dealt with.

This new edition covers the once-in-a-generation legislative changes taking effect from April 2025, concerning the removal of non-dom rules. These include:

Abolition of domicile as a relevant factor in determining liability to inheritance tax, capital gains tax and income tax
Remittance basis of taxation removed for 2025/26 and later years, but previous untaxed amounts held overseas will be taxed when remitted
Liability to tax for 2025/26 and later years will be based on residence
UK resident settlors of offshore trusts will be taxable on trust income/gains on an arising basis from 2025/26, as the “protected trust” regime which has applied since 2017 is removed
Offshore trusts settled by a non-UK domiciled settlor will be within the scope of inheritance tax if the settlor is a “long term resident” (LTR) of the UK
Change in CGT rate for trustees was announced in Budget - increased from 20% to 24%
The introduction of caps on Agricultural Property Relief (APR) and Business Property Relief (BPR)

1. A Useful Relationship

2. Main Trust Legislation

3. Trust Formalities

4. Powers & Duties of Trustees

5. Residence & Domicile

6. Main Tax Rules Applicable to Trusts

7. Relevant Property Trusts

8. Bare Trusts & IIPs

9. Trusts for Children & Young Adults

10. Foreign Trusts

11. Charitable Trusts

12. Purpose and Heritage Trusts and Foundations