- interest in possession trusts
- Финансы: траст с правом на доход от собственности
Универсальный англо-русский словарь. Академик.ру. 2011.
interest in possession trusts
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Interest in possession trust — An interest in possession trust is a form of legal arrangement which gives a person a present right to the present enjoyment of something [ Viscount Dilhorne in Pearson v IRC [1980] STC 318 at 323] . At least one of the beneficiaries of this type … Wikipedia
interest in possession — England, Wales Interest in possession (IIP) is a trust law principle that has UK taxation implications. A beneficiary of a trust has an IIP if they have the immediate right to receive the income arising from the trust property, or have the use… … Law dictionary
qualifying interest in possession — England, Wales qualifying interest in possession (qualifying IIP) Qualifying interest in possession (IIP) trusts are treated, for inheritance tax purposes, as though the assets belonged to the life te … Law dictionary
possession — pos·ses·sion /pə ze shən/ n 1: the act, fact, or condition of having control of something: as a: actual possession in this entry b: constructive possession in … Law dictionary
interest — the cost of borrowing money. Glossary of Business Terms What is paid to a lender for the use of his money and includes compensation to the lender for three factors: 1) Time value of money (lender s rate) the value of today s dollar is more than… … Financial and business terms
Interest — The price paid for borrowing money. It is expressed as a percentage rate over a period of time and reflects the rate of exchange of present consumption for future consumption. Also, a share or title in property. The New York Times Financial… … Financial and business terms
Taxation of trusts (United Kingdom) — The taxation of trusts in the United Kingdom is governed by a different set of principles to those tax laws which apply to individuals or companies.Income taxCapital gains taxInheritance tax: See main article Inheritance tax (United Kingdom). The … Wikipedia
Disclaimer of interest — Wills, trusts and estates … Wikipedia
life interest trust — A type of private trust where the life tenant is entitled to receive for life or a fixed period all or a fixed share of the income generated by the trust fund. On his death, the right to trust income will pass to another or the trust may come to… … Law dictionary
transitional serial interest — England, Wales A type of interest in possession (IIP) trust that is not taxed under the relevant property regime. Instead, the life tenant is treated as the owner of the assets for inheritance tax purposes … Law dictionary
Constructive trusts in English law — are a form of trust created by the courts primarily where the defendant has dealt with property in an unconscionable manner , but also in other circumstances; the property will be held in constructive trust for the harmed party, obliging the… … Wikipedia
