Re Income in a Trust

[Purcell]

I am a beneficiary of a Discretionary Jersey Trust, the trust has rental income from UK properties. I am Non Dom. The question is, is that income treated as unremitted gains for me or do I only need to have the declare/pay tax on distributions from the Trust.
Thank you

[Loza]

The trust will pay tax on the income at the discretionary trust rate (50%).
If it is subsequently distributed it is treated as untaxed income of the beneficiary, there is no automatic tax credit, however some relief may be available to the beneficiary under ESC B18

[Purcell]

Loza, thank you for the post.

[Brooke]

If you wish to receive the income from your UK properties without paying tax, please contact me on the following details:

Liam Brooke
Director, Tax and Investment Services
Portland Financial Management SA
5th Floor, 7 Rue de la Croix d'Or, 1204 Genève, Switzerland.
Tel : +41 (0)22 592 78 00
Mob : +44 (0) 7921 025380
Email : liam.brooke@portland-sa.com