Discretionary trust look to bonds to sidestep tax

Stodell, Hannah
August 2009
Money Marketing;8/20/2009, p5
The article highlights the statement from Legal & General over the moves of high-net-worth trustees of discretionary trust in shifting their investment in Great Britain. It states that high-net-worth trustees are shifting their investments into insurance bonds to avoid high payment of tax charges. According to Head of tax and estate planning Mark Green, the discretionary trust trustees are putting their money into a unit trust and encash unit, whereby, they would pay 18% capital gain.


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