ÀÏ˾»úÎçÒ¹¸£Àû

This guidance note explains the basics of what a trust is and who the parties to a trust, such as the settlor, beneficiary, trustees and remaindermen are. It also explains the types of interest that might arise in a trust and explains some other less frequently encountered terms. It provides background information for accountants and tax advisers to help them understand the key concepts so that they can interpret trust deeds, discuss the merits of trusts with their clients and where necessary instruct lawyers to achieve their aims.

This note is necessarily simplified to include the key points for the accountant or tax adviser. It is not targeted at lawyers.