Miscellaneous 2008

Cloning or splitting discretionary trusts

Source: National

Published Date: 14 Mar 2008

 

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This paper tackles the difficult issues thrown up when using trust splitting or cloning techniques for succession planning or wealth preservation. Case studies demonstrate the following:

  • technical problems with CGT events A1, E1 and E2
  • how to bring into existence a new trust
  • shifting value to the new trust
  • creditors following assets to the new trust
  • the incidence of stamp duty
  • keeping an eye on Part IVA.

Individual Session

Cloning or splitting discretionary trusts

Author(s): Ken Schurgott CTA-Life

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