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Taxation of Trusts


Data Law Limited

Summary

Price
£72 inc VAT
Or £24.00/mo. for 3 months...
Study method
Online, self-paced
Duration
1 hour
Qualification
No formal qualification
Additional info
  • Tutor is available to students

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Overview

Learning Outcomes

  • On completion of this course you will:

    • Be familiar with different types of trusts available
    • Understand how and why trusts are taxed differently
    • Be aware of the issues surrounding beneficiaries paying and reclaiming tax on trusts
    • Understand trustee’s tax responsibilities and be able to advise the client accordingly

What is the target audience?

  • This course will be of interest to those who wish to improve their knowledge of how the taxation of UK trusts works and will offer guidance on the following forms of taxation; Income Tax, Capital Gains Tax and Inheritance tax and how these impinge upon trustees and trusts.

Description

Trusts offer a variety of ways for clients to manage their assets. There are a number of different types of trusts and they are all taxed differently, which makes this a challenging subject for practitioners to offer advice on, particularly if you do not specialist in this area of private client practice.

During this course experienced trusts practitioner Richard Quenby will provide an overview of the various participants involved in trusts; the settler, the trustee and the beneficiary and will consider the reasons why a trust may be set up.

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An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body’s logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.