Ask a Law Question, Get an Answer ASAP!
Thank you for your question. Advances of capital to a beneficiary of a Vulnerable Persons Trust as treated as a “non event” for tax purposes. Tax is paid on the income from the Trust at the beneficiary’s I come tax rate. In other words the usual trust rates will not apply. I hope that helps. Please leave a positive rating so that I am credited for my time.
You’re welcome. Don’t forget to leave a positive rating so that I am credited for my time.
Can you leave a rating on the system. There is a star rating which triggers payment to the expert otherwise the site keeps your money and the expert doesn’t get paid. Thanks.