Change to Trustee Tax rate – is a Trust still useful?
The Government announced a proposed increase of the trustee tax rate (from 33% to 39%) in Budget 2023. This change, due to take effect from 1 April 2024, would set the rate at which trustee income is taxed at the same as the top individual tax rate. The intention here is to prevent taxpayers from […]
Change to Trustee Tax rate – is a Trust still useful? Read More »