25 июл. 2024 г. · The general rule is that someone can put up to £325,000 into a discretionary trust without triggering an immediate inheritance tax ("IHT") ...

A discretionary trust enables trustees to allocate income and capital from the trust entirely at their discretion.

A discretionary trust is established by an independent person (Settlor) who makes a gift of a sum of money (Settled Sum) to a person(s) or company (Trustee)

6 апр. 2023 г. · The trustees have discretion over whether to pay out income or add it to the trust capital. They can also decide when to make capital payments ... What is a discretionary trust? · IHT on creation of trust

19 сент. 2023 г. · There is no express power for the Trustees to add beneficiaries to the Trust, but there is an express power for the Trustees to 'amend or add to the ...

5 апр. 2018 г. · It is possible to add property to the trust after it has been established. However, if a third party (B) who is not the original settlor adds funds to the ...

6 нояб. 2021 г. · It's unusual for a beneficiary to add assets to a trust, the tax rules are designed to discourage it. The income tax analysis would not be straightforward.

Discretionary trusts give greater power to trustees to decide how and when to give funds to beneficiaries. This can be useful for estate planning, ...

3 окт. 2023 г. · The trustees can hold the assets and make decisions as to appropriate things to spend the funds on for the beneficiaries. This may include ...

Transferring assets into a discretionary trust does not usually create any income tax charges. The discretionary trust itself pays income tax on income it ...