|
|
Bare trust |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Bare trustA trust which allows parents to give capital to a child and have the income from that capital treated as the child's rather than their own. This can save tax by using the child's personal income tax allowance.Similar MatchesAll inclusive Trust Deed (wrap around mortgage)All inclusive Trust Deed (wrap around mortgage)A financing technique which involves the creation of a new trust deed which includes the balance due on the existing note plus any new funds advanced. Venture capital trustVenture capital trustA type of investment trust which invests in small unquoted companies with assets of under £15 million, including AIM and OFEX companies, and which is designed to attract risk capital from higher rate taxpayers by giving them tax concessions.Like investment trusts, VCTs are quoted on the London Stock Exchange.As with investment trusts, their share price may trade at a discount to net asset value.They provide 3 types of tax benefit:-40% capital gains tax deferral, provided the shares are held for a period of no less than 3 years.- 20% income tax relief on the amount of the original investment- All dividends are tax free and all gains on disposal after 3 years tax exempt. But when the shares are sold, the original capital gains tax liability will be re-triggered.VCTs are only allowed to invest in companies under a certain size, and there is a limit on how much they can invest in any one company. The idea is that they must apply their funds to genuinely risky entrepreneurial ventures. TrusteeTrusteeAgent of a bond issuer who handles the administrative aspects of a loan and ensures that the borrower complies with the terms of the bond indenture. Personal trustPersonal trustAn interest in an asset held by a trustee for the benefit of another person. Fixed trustFixed trustA unit investment trust consisting of securities that were agreed upon at the time of investment and do not change. Further SuggestionsUnit Share Investment Trust (USIT)Trust deed unit trust accumulation and maintenance trust Deed of trust Trust fund transaction real estate investment trust Real Estate Investment Trust (REIT) Corporate Trust Equipment trust certificates trust deed Nondiscretionary trust Marital trust antitrust laws Association of Unit Trusts and Investment Funds Trust Bank trust department Voting trust certificate Trustee In Bankruptcy Blind trust Trust company charitable trust Qualified plan or trust Deed Of Trust Term trust |
|
|
|