settlements anti avoidance rules

Family businesses and the settlements anti-avoidance rules

The ‘settlements’ income tax anti-avoidance rules found in ITTOIA 2005. The principal sets of rules are the ‘revocable, or settlor interested’ settlement rules (ITTOIA 2005, s 624), and the ‘settlements on minors’ rules (s 629). To these rules, the term ‘settlement’ is a lot wider than the concept of a formal trust. Which drawn up […]

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