Adrian Shipwright and Rupert Baldry, Pump Court Tax Chambers, consider Trustee Act 1925, ss 31 and 32
Adrian Shipwright and Rupert Baldry Pump Court Tax Chambers consider Trustee Act 1925 ss 31 and 32
The Trustee Act 1925 confers various powers on trustees in addition to those contained in the trust instrument. These are almost a default setting. In this article we consider the powers conferred by ss 31 and 32 concentrating on issues relevant to the tax practitioner.
Section 31 — power to apply income
Section 31 is headed 'Power to apply income for maintenance and to accumulate surplus income during a minority'. The heading makes...
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Adrian Shipwright and Rupert Baldry, Pump Court Tax Chambers, consider Trustee Act 1925, ss 31 and 32
Adrian Shipwright and Rupert Baldry Pump Court Tax Chambers consider Trustee Act 1925 ss 31 and 32
The Trustee Act 1925 confers various powers on trustees in addition to those contained in the trust instrument. These are almost a default setting. In this article we consider the powers conferred by ss 31 and 32 concentrating on issues relevant to the tax practitioner.
Section 31 — power to apply income
Section 31 is headed 'Power to apply income for maintenance and to accumulate surplus income during a minority'. The heading makes...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")