Can the non-resident trust survive?

Article Abstract:

The use of the non-resident trusts for the deferment of capital gains tax has prompted the UK government to limit the trust's scope of avoidance with the addition of new charges into the Finance Act 1991. The new charges are designed to reduce the tax advantages originally provided by non-resident trusts. The three new charges are the emigration charge, the settler charge and the supplementary charge. Although the existence of non-residence trusts may seem to be threatened by the addition of charges, its useful in certain specific situations for planning purposes assures its continued survival.

Analysis, Usage, Trusts and trustees, Trustees, Trusts (Law), Capital gains tax, Non-resident aliens, Nonresident aliens

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Taxing calculations

Article Abstract:

The special tax charge on dividends introduced by Gordon Brown in his 2004 Budget marks a subtle and mean U-turn in policy. Dividends paid by some small companies will attract an additional tax charge.

United Kingdom, Taxes, Dividends, Dividend Policy, Tax policy, Brown, Gordon (British chancellor), Company dividends

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