UK Tax Authorities Clarify Trusts

UK tax authority, HM Revenue and Customs, has issued guidance that gifts to minors using bare or absolute trusts will be regarded as potentially exempt transfers and not as chargeable lifetime transfers. Bare....

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By: Stephen Harris
March 27, 2007
UK tax authority, HM Revenue and Customs, has issued guidance that gifts to minors using bare or absolute trusts will be regarded as potentially exempt transfers and not as chargeable lifetime transfers. Bare....