From April 2018, no more "washing out" distributions and a new tax on gifts from abroad

From April 2018, no more "washing out" distributions and a new tax on gifts from abroad

The draft Finance Bill will restrict tax planning for offshore trusts. Distributions to non-UK residents will not reduce accumulated gains and UK residents could be taxed on receipt of onward gifts. I ... (to read the remainder of this article, please log in below.)

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The archive covers several tax years. Check publication dates and current rules before relying on older guidance.

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