Adrian Shipwright Pump Court Tax Chambers welcomes the revenue review on the taxation of trusts but also raises some issues which need to be discussed
The recent Revenue publications ask again the difficult question 'How should trusts be taxed?' That such a question is being asked is to be welcomed. However it raises once again the more fundamental issue of what policy should be applied to the taxation of trusts and settlements. This is a common problem with the taxation of fiscal intermediaries such as companies and LLP's. On the whole it has been sought to address these problems in a principled manner for most fiscal intermediaries other than trusts. It is interesting to compare the detailed provisions on the taxation of companies and the various discussions of imputation classical and...
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Adrian Shipwright Pump Court Tax Chambers welcomes the revenue review on the taxation of trusts but also raises some issues which need to be discussed
The recent Revenue publications ask again the difficult question 'How should trusts be taxed?' That such a question is being asked is to be welcomed. However it raises once again the more fundamental issue of what policy should be applied to the taxation of trusts and settlements. This is a common problem with the taxation of fiscal intermediaries such as companies and LLP's. On the whole it has been sought to address these problems in a principled manner for most fiscal intermediaries other than trusts. It is interesting to compare the detailed provisions on the taxation of companies and the various discussions of imputation classical and...
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