Are you really suggesting that a huge investment manager like abdn is wrong on this?- Mandating income from a discretionary trust is quite possibly a breach of trust (because the trustee(s) are not really making a decision wrt the income); and
- It would not work - the argument that a mandate could create an informal I-in-P is the sort of argument HMRC might run if it suited them (or that we imagine they might) but not one a taxpayer should be relying on.
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