STEP Jersey: Trustee Loans - Avoiding UK Tax Pitfalls
Over the last two years, the UK has introduced numerous provisions intended to counter tax-avoidance. Many of these can be triggered by loans to individuals, other trusts and connected entities and trustees must be aware of the possible pitfalls and steps they can take to avoid unintended consequences.
Thursday 18 January 2018
3.15 pm - 5.00 pm
Location: Jersey
The talk will cover:
- How loans to individuals, other trusts and connected entities impact on trustees’ obligations in relation to the new UK trust register, including a general update on HMRC’s interpretation of how the register rules should be applied
- How the onward gift rules, which will be introduced in April 2018 and will apply UK tax to certain payments from trusts to non-UK resident and UK resident beneficiaries, will affect trustee loans
- Other key points for trustees lending directly or indirectly to UK residents, including treatment of collateral for debts and tainting of trusts established by UK deemed domiciled individuals.
For more information on the event, please contact step@stepjersey.org
