| Preface |
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v | |
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xiii | |
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Table of statutory instruments |
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liii | |
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lvii | |
| Abbreviations and references |
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cv | |
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Chapter 1 A Useful Relationship |
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1 | (28) |
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1 | (1) |
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2 | (1) |
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3 | (1) |
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3 | (8) |
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Strict and Settled Land Act settlements |
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11 | (1) |
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11 | (1) |
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Three certainties of a valid trust |
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12 | (3) |
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15 | (2) |
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Agency relationships and entities with trust-like characteristics |
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17 | (7) |
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The civil law approach to trusts |
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24 | (3) |
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27 | (1) |
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28 | (1) |
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Chapter 2 Main Trust Legislation |
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29 | (70) |
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29 | (40) |
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69 | (1) |
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Wills, families and estates |
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69 | (9) |
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78 | (4) |
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82 | (12) |
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94 | (5) |
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Chapter 3 Trust Formalities |
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99 | (28) |
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99 | (1) |
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100 | (3) |
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103 | (2) |
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105 | (1) |
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105 | (1) |
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106 | (1) |
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107 | (1) |
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107 | (1) |
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108 | (2) |
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110 | (1) |
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110 | (3) |
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113 | (1) |
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114 | (1) |
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115 | (1) |
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115 | (2) |
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117 | (2) |
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119 | (1) |
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120 | (2) |
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Mistake and rectification |
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122 | (3) |
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125 | (2) |
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Chapter 4 Powers and Duties of Trustees |
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127 | (34) |
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127 | (4) |
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131 | (2) |
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133 | (3) |
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136 | (3) |
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139 | (1) |
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139 | (5) |
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144 | (6) |
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150 | (7) |
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157 | (1) |
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Maintenance and advancement |
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157 | (1) |
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158 | (3) |
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Chapter 5 Residence and Domicile |
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161 | (70) |
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162 | (49) |
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211 | (13) |
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224 | (7) |
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Chapter 6 Main Taxation Rules Applicable to Trusts |
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231 | (120) |
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231 | (4) |
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Income tax liability of settlor |
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235 | (18) |
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253 | (6) |
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259 | (1) |
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259 | (10) |
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Trustees' liability for tax |
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269 | (1) |
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270 | (1) |
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270 | (39) |
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309 | (36) |
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Retrospective anti-avoidance legislation |
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345 | (3) |
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Disclosure of tax avoidance schemes |
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348 | (3) |
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Chapter 7 Relevant Property Trust |
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351 | (24) |
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351 | (1) |
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352 | (2) |
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Payments to beneficiaries |
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354 | (5) |
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359 | (4) |
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363 | (1) |
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364 | (11) |
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Chapter 8 Bare Trusts and Interest in Possession Trusts |
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375 | (16) |
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Bare trusts (or simple trusts) |
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375 | (4) |
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379 | (1) |
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380 | (1) |
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381 | (10) |
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Chapter 9 Trusts for Children and Young Adults |
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391 | (14) |
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Income tax and capital gains tax |
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391 | (1) |
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Inheritance tax - pre-22 March 2006 |
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392 | (4) |
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Maintenance, education or benefit |
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396 | (2) |
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Potentially exempt transfers |
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398 | (1) |
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398 | (1) |
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399 | (1) |
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399 | (1) |
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400 | (1) |
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The FA 2006 Regime - Transitional provisions for accumulation and maintenance trusts |
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400 | (1) |
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Trusts for bereaved minors and age 18 to 25 trusts |
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401 | (4) |
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Chapter 10 Foreign Trusts |
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405 | (54) |
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406 | (1) |
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407 | (1) |
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408 | (23) |
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431 | (26) |
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457 | (2) |
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Chapter 11 Charitable Trusts |
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459 | (24) |
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459 | (6) |
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465 | (9) |
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474 | (9) |
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Chapter 12 Purpose and Heritage Trusts and Foundations |
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483 | (24) |
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The beneficiary principle |
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483 | (2) |
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485 | (1) |
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486 | (4) |
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490 | (1) |
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Maintenance funds for historic buildings |
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491 | (6) |
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Gifts for approved purposes |
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497 | (1) |
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Housing associations and national institutions, etc |
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497 | (1) |
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Trade or professional compensation funds |
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498 | (1) |
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498 | (3) |
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Discretionary settlements |
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501 | (3) |
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504 | (3) |
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Chapter 13 Protective and Vulnerable Person Trusts |
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507 | (6) |
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Trusts for a disabled person |
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508 | (1) |
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509 | (4) |
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Chapter 14 Asset Protection Trusts |
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513 | (8) |
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513 | (1) |
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514 | (1) |
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Transactions at an undervalue and fraudulent preferences |
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515 | (2) |
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517 | (1) |
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518 | (1) |
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519 | (1) |
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519 | (2) |
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Chapter 15 Wills, Trusts and Statutory Trusts |
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521 | (14) |
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521 | (2) |
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Provision for family and dependants |
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523 | (1) |
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524 | (1) |
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525 | (2) |
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527 | (2) |
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529 | (2) |
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Taxation of beneficiaries |
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531 | (2) |
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Successive interests in residue |
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533 | (1) |
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534 | (1) |
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534 | (1) |
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Chapter 16 Employee Trusts |
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535 | (30) |
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535 | (21) |
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Employee share ownership trusts |
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556 | (1) |
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Approved share option schemes |
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557 | (1) |
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Approved share incentive plans (SIPs) |
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557 | (7) |
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Enterprise management incentives |
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564 | (1) |
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Chapter 17 Trusts of Land |
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565 | (14) |
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565 | (3) |
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Property let at an undervalue |
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568 | (1) |
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569 | (1) |
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569 | (1) |
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Flat management companies |
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570 | (1) |
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571 | (1) |
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Sale and leaseback transactions |
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572 | (1) |
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573 | (1) |
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574 | (1) |
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574 | (1) |
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574 | (3) |
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577 | (2) |
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579 | (26) |
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Old Code (pre-1970) schemes |
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579 | (1) |
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New Code post-1970 (pre-1987) schemes |
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580 | (1) |
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580 | (1) |
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580 | (2) |
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582 | (1) |
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Retirement annuity policies |
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582 | (2) |
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584 | (1) |
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Funded unapproved retirement benefit schemes (FURBS) |
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585 | (1) |
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Unfunded unapproved retirement benefit schemes (UURBS) |
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586 | (1) |
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Employer financed retirement benefit schemes (EFRBS) |
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586 | (1) |
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Registered pension schemes - the statutory framework |
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587 | (4) |
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Registered pension scheme constitution |
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591 | (2) |
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Small self-administered pension scheme (SSAS) |
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593 | (10) |
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603 | (2) |
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Chapter 19 Trust Tax Returns |
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605 | (80) |
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Establishing contact with HMRC |
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605 | (2) |
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607 | (3) |
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Provisional figures and estimates |
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610 | (1) |
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610 | (1) |
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611 | (2) |
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613 | (1) |
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614 | (2) |
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616 | (7) |
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623 | (1) |
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623 | (1) |
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624 | (2) |
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626 | (4) |
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630 | (1) |
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Inspection and information powers |
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631 | (1) |
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Deduction of tax from distributions |
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632 | (1) |
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633 | (52) |
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685 | (256) |
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685 | (12) |
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697 | (1) |
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697 | (16) |
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713 | (33) |
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746 | (13) |
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Administration of Estates Act 1925 |
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759 | (31) |
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Intestates' Estates Act 1952 |
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790 | (3) |
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Variation of Trusts Act 1958 |
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793 | (2) |
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Trustee Investments Act 1961 |
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795 | (16) |
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Perpetuities and Accumulations Act 1964 |
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811 | (6) |
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Powers of Attorney Act 1971 |
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817 | (4) |
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Domicile and Matrimonial Proceedings Act 1973 |
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821 | (1) |
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Inheritance (Provision for Family and Dependants) Act 1975 |
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822 | (25) |
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Enduring Powers of Attorney Act 1985 |
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847 | (15) |
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Recognition of Trusts Act 1987 |
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862 | (4) |
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Trusts of Land and Appointment of Trustees Act 1996 |
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866 | (17) |
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Trustee Delegation Act 1999 |
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883 | (6) |
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889 | (17) |
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Proceeds of Crime Act 2002 |
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906 | (18) |
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924 | (6) |
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Perpetuities and Accumulations Act 2009 |
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930 | (8) |
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Draft Trusts (Capital and Income) Bill |
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938 | (3) |
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Appendix 2 Capital Gains Tax --- Indexation Allowance for Individuals and Trusts |
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941 | (2) |
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Appendix 3 Inheritance Tax Bands |
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943 | (2) |
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Appendix 4 Period Expectation of Life (simplified) |
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945 | (2) |
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Appendix 5 HMRC Trustee Residence Guide |
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947 | (18) |
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Appendix 6 Chiltern Group Anti-Money Laundering Procedure (Extract) |
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965 | (22) |
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Appendix 7 HMRC Trusts and Estates Toolkit 2009/10 |
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987 | (26) |
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Appendix 8 Convention on the Law Applicable to Trusts and on their Recognition |
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1013 | (10) |
| Index |
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1023 | |
