Trustees facing a 50% tax rate

 From 6 April 2010 the rate of income tax paid by trustees of discretionary and accumulation trusts will increase to 50%.  Trustees should consider how they can avoid the impact of this higher tax rate.  Changes in investment strategy may have to be implemented over an extended time frame but, in some cases, a change to the terms of the trust may be appropriate.

To discuss how the tax rate increases will affect your trust, speak to your usual Littlejohn tax adviser or trust tax specialist Barry Luscombe on 020 7516 2204 or email bluscombe@littlejohnllp.com