| Wealth Protection - Trust Planning - Pension Trusts | Tel: 01562 887590 |
| Page: Business Asset Trust |
A Business Asset Trust is designed to deliver versatility in growth and development of business assets, their disposal and pension planning. Whilst tax regulation is incredibly rigid, the Business Asset Trust is made to deliver access to apparently untouchable and substantial funds. Employing expertly-crafted trust mechanisms that satisfy legal requirements, use of pension funds is brought within your control.
A UK-resident individual is the owner of (exclusively or collectively) a Portfolio of
investments. This could be anything of a capital nature but is, most commonly, property. The properties could
be subject to a mortgage. The likelihood of capital gains tax and income tax is actually a considerable issue
in commercial management and growth of the Portfolio. The Portfolio also holds the burden of inheritance tax
on the death of its owner(s).
Making use of legal practices, the Portfolio may be transferred, under statutory protection, into a tax-free, business asset trust – based environment.
Utilizing specialist legal strategies the personal assets are moved, tax-free, into a new company. The new company then transfers the assets into a Special Trust, once again tax-free by statute. A specialist mortgage framework is developed for the foreign assets, in order that the monetary worth of those assets may pass tax-free into the Trust.
The content presented here is of a general nature, and utilizing a Business Asset Trust is actually a complicated area, demanding specialized knowledge.
Consequently, our recommendation is that professional guidance is sought for every unique set of circumstances of your Business and employees. We will not accept any legal responsibility for any action taken resulting from the information contained herein, and this isn’t supposed to be a comprehensive legal declaration in respect of the common use of Business Asset Trusts. No Business Asset Trusts are recommended here, in fact a Business Asset Trust may not be suitable for your particular circumstances.
Professional advice is offered through Stuarts Green Consultancy. Please speak to us for further information; we will be pleased to discuss Business Asset Trust suitability for your circumstances in greater detail.
