Stuart Weems · Investopoly · Q&A - Debt recycling when you sell your home: keep the deduction
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suggest using rollover relief to transfer assets (shares and property) into a fixed structure such as personal name, company, or unit trust to avoid the 30% discretionary trust tax
30% minimum tax on discretionary trusts
“The will can establish a trust, a testamentary trust, and it holds those assets for that beneficiary... income from assets... can qualify as accepted income for minors, taxed at normal adult rates”
“If you're doing something like a spousal transfer for stamp duty purposes, or even a related party transfers such as selling to a trust, you may want a low valuation to reduce the amount of stamp duty payable.”
“Investment bonds… are taxed within the structure each year at a maximum rate of 30%… and then there's no tax when you transfer later on”
“Structures such as private ancillary funds can be worth exploring... they get their own tax regime... a large charitable donation can be particularly useful in a year where you've realised a substantial capital gains event”
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