When an asset is placed within a trust it is termed as being ‘settled’. However, the tax legislation defines the word ‘settlement’ widely as including
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Make sure to share this article with anyone you know who runs a family business – so they can take advantage of the many ways to lower their tax bill!
Optimising tax-free benefits in family companies Making use of statutory exemptions for certain benefits-in-kind offers an opportunity to extract funds from a family company without