Preserving your assets for the next generation using a Trust
A trust is a way of managing assets such as money, investments, land or buildings for other people. Each type of trust is taxed differently, affecting liabilities such as Income Tax (IT), Capital Gains Tax (CGT) or Inheritance Tax (IHT). Our trust and tax planning specialist Ian Naylor explains how they can be used to ensure how assets are passed from one generation to another.
You can create a Trust during your lifetime, or through your will, and there are…