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Could I ask? Trust taxation is different depending on the types of trust such as IIP, bare, discretionary. For VAT, is it same? I mean that VAT treatment differs from types of trust?
What if the house in the trust has monthly income of rent from tenant, will the beneficiary be able to take it out without penalties/tax?
CIOT says...
I was watching and very interested but lost interest once you mentioned Man City on.....
Could I ask? Trust taxation is different depending on the types of trust such as IIP, bare, discretionary. For VAT, is it same? I mean that VAT treatment differs from types of trust?
What if the house in the trust has monthly income of rent from tenant, will the beneficiary be able to take it out without penalties/tax?
CIOT says...
I was watching and very interested but lost interest once you mentioned Man City on.....