According to the Budget Review, government plans to introduce several legislative measures in the 2013/14 financial year which will influence the advantages offered by a trust as a legal entity. This includes the way that discretionary trusts are taxed, for example, capital gains tax that will be treated as ordinary income distributed by the trust.
From a tax point of view, the benefits of a trust might change extensively in the near future. In the light of new legislation and considering the cost involved in annual trust management, it is vital to fully understand the future of a trust to establish if it is still a valuable asset protection and financial planning tool.
Therefore MHI has invited Prof Walter Geach to present another seminar to address these complex concerns. Click here for the event programme. Do not miss this informative event! Guests will earn CPD points.