I have put a large amount in an Isle of Man trust with my children as beneficiaries with an equal percentage. The money have been transfered to the trust's capital account. Can I transfer any trust income to the capital account from the income account. What would be the tax effect of a tranfer of tax capital or trust income to the beneficiaries?
Thank you
CHS
Transfer of assets from trust to beneficiary
3 posts • Page 1 of 1
by Arnold Aaron on Thu Mar 09, 2006 6:08 am
What type of Trust is it?
Arnold Aaron
Specialist Inheritance Tax Planning & Investments
www.arnoldaaron.co.uk
e mail: arnold@arnoldaaron.co.uk
Tel: 020 8201 6574 Mobile: 07957 440 724
Specialist Inheritance Tax Planning & Investments
www.arnoldaaron.co.uk
e mail: arnold@arnoldaaron.co.uk
Tel: 020 8201 6574 Mobile: 07957 440 724
- Arnold Aaron
- Posts: 153
- Joined: Wed Aug 06, 2008 3:25 pm
3 posts • Page 1 of 1
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