Avoiding the 50% tax rate for trustees

Trustees of discretionary and accumulation trusts are now feeling the pinch as the 50% trust rate of income tax begins to bite.  For those trustees that have taken no action there is still time to avoid the impact of this higher rate in future tax years. Changes in investment strategy may have to be implemented over an extended time frame but, in some cases, a simple 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