Consultation Paper- Capital and income in trusts

Great Britain: Law Commission

• 28 juli 2004
• 9780117302617

Samenvatting:

This consultation paper sets out the Commission's provisional proposals for the law of classification and apportionment in relation to trust funds, covering both charitable and private trusts. Issues discussed include: classification of trust receipts and expenses, the duty to balance the competing interests of income and capital beneficiaries, percentage trusts, a new trustee power of allocation, equitable and statutory rules of apportionment, trusts for sale, tax implications and the position of charitable trusts, particularly permanent endowments. Comments on the consultation paper should be received by 31 October 2004 and sent to Matthew Jolley, Law Commission, Conquest House, 37-38 John Street, Theoblads Road, London WC1N 2BQ or emailed to: matthew.jolley@lawcommission.gsi.gov.uk