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New guidance from ICAEW, CIOT and STEP
New guidance on the trust residence rules has been published jointly by the ICAEW Tax Faculty, the Chartered Institute of Taxation and the Society of Trust and Estate Practitioners.
The document covers the practical application of the trust residence rules and clarifies when trusts are to be considered UK resident.
It uses examples to illustrate the practical application of the legislation and develop some of the principles included in HMRC’s guidance material dated 1 July 2009.
Issue Extract
