TSEM8025 - Trust management expenses: introduction: tax rules
There are two sets of tax rules governing whether trust management expenses are allowable in the two main types of trust:
- one for accumulation/discretionary trusts - where what is 바카라 사이트˜properly chargeable to income바카라 사이트™ in general trust law has priority - see TSEM8205+.
- one for interest in possession trusts - where what is 바카라 사이트˜properly chargeable to income바카라 사이트™ in the trust deed has priority - see TSEM8305+.
There are rules derived from case law about what is meant by 바카라 사이트˜properly chargeable to income바카라 사이트™ in general trust law - see TSEM8105+.
There are special rules for bare trusts (see TSEM8405+), settlor-interested trusts (see TSEM8505+) and mixed trusts (see TSEM8605+).