Webinar: Trust taxation part 2

A high-level look at the taxation of discretionary trusts

August 2020

Barry Foster

Vice President, Strategic & Technical Sales

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PART OF 130 MINS STRUCTURED CPD

65 MIN WATCH

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Risk Disclaimer

This content is directed only to persons having professional experience in matters relating to personal investment (investment professionals) and should not be distributed to anybody else.  It has been prepared for general information purposes only.  It does not constitute advice (whether investment, legal, regulatory, tax or otherwise) provided by BMO Global Asset Management (EMEA) (BMO).  Certain content in this document is based on our own reading of legislation, regulation, or guidance issued by a government or regulatory authority, as at August 2020, which is subject to ongoing change.  Tax treatment is based upon individual circumstances. BMO gives no warranty or representation, whether express or implied, that such content is up to date, complete, or accurate.   

Investment professionals in receipt of this document should not rely on any of its content.  They remain solely responsible for advising their underlying clients in accordance with their own legal and/or regulatory obligations and for taking their own independent advice as they determine is necessary. 

To the extent lawful, BMO excludes all responsibility and associated liability for any loss or damage suffered by any recipient of this document who chooses to rely on its content, whether occurring in contract, tort (including negligence), breach of statutory duty, or otherwise, even if foreseeable.

Key takeaways:

  • Understand the differences between the income tax, capital gains tax and inheritance tax treatment of bare, interest in possession and discretionary trusts
  • Understand the impact of trust taxation on tax wrapper selection for trustee investment
  • Be able to apply this knowledge to individual client circumstances and recommendations

Watch this webinar where Barry Foster takes a high-level look at the income, capital gains and inheritance tax implications of trusts. Part 2 focuses on discretionary trust taxation.

 
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Risk Disclaimer

This content is directed only to persons having professional experience in matters relating to personal investment (investment professionals) and should not be distributed to anybody else.  It has been prepared for general information purposes only.  It does not constitute advice (whether investment, legal, regulatory, tax or otherwise) provided by BMO Global Asset Management (EMEA) (BMO).  Certain content in this document is based on our own reading of legislation, regulation, or guidance issued by a government or regulatory authority, as at August 2020, which is subject to ongoing change.  Tax treatment is based upon individual circumstances. BMO gives no warranty or representation, whether express or implied, that such content is up to date, complete, or accurate.   

Investment professionals in receipt of this document should not rely on any of its content.  They remain solely responsible for advising their underlying clients in accordance with their own legal and/or regulatory obligations and for taking their own independent advice as they determine is necessary. 

To the extent lawful, BMO excludes all responsibility and associated liability for any loss or damage suffered by any recipient of this document who chooses to rely on its content, whether occurring in contract, tort (including negligence), breach of statutory duty, or otherwise, even if foreseeable.

Other articles in this course
A high-level look at the taxation of discretionary trusts
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