Hi
Is it possible to add a company as one of the trustees on a discretionary trust we have set up ??
Thank you for any help
Regards
Jim
Trustees
3 posts • Page 1 of 1
by johnfkavanagh on Mon Jan 31, 2005 6:44 am
Dear Jim
In principle, yes it is, provided that it is permitted to do so under its memorandum and articles of association. It will probably be appropriate for the company to pass a resolution in general meeting to ratify the appointment.
I believe that there is a prohibition against a company acting as sole trustee of a trust unless it is a trust corporation. There may be others on this forum who know more about this subject than I.
John Kavanagh
UK Tax Consulting Ltd
Chartered Tax Advisers
www.uktaxconsulting.co.uk
mail@uktaxconsulting.com
In principle, yes it is, provided that it is permitted to do so under its memorandum and articles of association. It will probably be appropriate for the company to pass a resolution in general meeting to ratify the appointment.
I believe that there is a prohibition against a company acting as sole trustee of a trust unless it is a trust corporation. There may be others on this forum who know more about this subject than I.
John Kavanagh
UK Tax Consulting Ltd
Chartered Tax Advisers
www.uktaxconsulting.co.uk
mail@uktaxconsulting.com
- johnfkavanagh
- Posts: 354
- Joined: Wed Aug 06, 2008 3:08 pm
3 posts • Page 1 of 1
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