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Trust Practitioner's Handbook 4e (4th Revised edition)

Our Price: £79.95 
Author(s): Steel, Gill;
Classification(s): Wills & probate / Succession; Legal skills & practice;
Readership / Audience Level: Professional & Vocational
ISBN-13: 9781784460839
ISBN-10: 1784460834
Publication Date: 31 Jan 2018
Imprint: Law Society
Availability: In Print
Free Stock: In Stock
Publisher: Law Society
Publication Country: United Kingdom
Binding / Product Type: Paperback
Pages: 480
Dimensions: W: 156 mm / H: 234 mm
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Trusts can provide clients with ways to achieve a wide variety of objectives, from protecting assets to minimising exposure to tax.


This book gives you comprehensive guidance to enable you to:


  • consider each client’s objectives
  • identify the applicable tax treatment
  • select the most appropriate trust
  • create and administer an effective trust.


This practical and accessible how-to guide is supplemented by a set of tools and features including practice points, examples, tables, checklists, forms and figures that help you to understand the administrative techniques for the main types of trust and to avoid potential negligence claims and tax penalties.


The author also presents a clear account of the taxation of trusts, which unravels the complex provisions relating to inheritance tax, capital gains tax and income tax, to give practitioners an understanding of the application of tax to the administration of trusts and the confidence to explain its effects on the settlor, the trustees and the beneficiaries.


This new edition has been substantially updated and expanded to include new chapters on the reporting requirements of FATCA and CRS and the Trusts Register, the removal of trustees including where trustees lack capacity, the increasing application of SDLT and ATED and the residential nil-rate band.

Part 1: Setting up a trust:
Why have a trust;

  1. Creating a trust;


    Removal of trustees;
    Part 2: Administering the trust:
    Getting started;
  2. Reporting;

    Administration implications of the Trustee Act 2000;

    decision making;
  3. Financial services;
    Part 3: Taxation of trusts;
  4. Introduction to taxation of trusts and their compliance;

    Inheritance tax basics;
  5. Development of IHT treatment of trusts;

    Interest in possession trusts;

    Discretionary trusts and other trusts subject to the relevant property regime;
  6. Disclosure of tax avoidance schemes (DOTAS)

re IHT;

Capital gains tax;

Stamp duty land tax and annual tax on enveloped dwellings;

Income tax;

Trusts with a disabled and/ or vulnerable beneficiary;
Part 4: Practical trusts:
Dealing with various events;

Nil-rate band discretionary trust debt and charge schemes and the transferable nil-rate band;

Using pilot trusts;

Settlor-interested trusts



Author Biography

Gill Steel is the owner and director of LawSkills Ltd, a company providing learning and development and consultancy for private client practitioners. She is a member of the Association of Tax Technicians and STEP and has an MBA in Legal Practice from Nottingham Law School. Gill is consultant editor of the Wills and Inheritance Quality Scheme Toolkit (Law Society, 2013).

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