PLEASE NOTE THAT THIS VERSION USES RATES AND ALLOWANCES FOR THE TAX YEAR 2015/16 HENCE THE DISCOUNTED PRICE. Trusts are very much part of financial advice. They may be needed for tax planning or they may be needed to enable a family member to control who gets what at a later date.
The creation of most trusts is now a ÒChargeable Lifetime TransferÓ which has an immediate impact on both the transaction itself as well as an impact on all future trusts. This guide is designed to help you to avoid the major pitfalls when advising your clients Ð without a proper understanding of the taxation of trusts there is a lot of scope to get things badly wrong.
This guide essential for anyone preparing for the J02, R03, CF5,RO6, AF5 or AF1 CII examinations. It may also be of assistance with personal taxation exams including the IFP Certified Financial Planner or Fellowship exams.