Hello,
I am trying to understand a somewhat more complicated estates planning situation.
Here we have an offshore excluded property trust, with a deemed domiciled UK settlor (not a beneficiary).
This Settlor is looking to lend (at the Official Rate or above) some retained earnings from his UK Ltd company into the excluded property trust.
The rules on indirect settlor-interest „tainting“ of the Trust are complicated, and I am wondering if this could potentially „taint“ the excluded property trust despite it not being a direct loan from the Settlor, but „one step removed“ by virtue of the UK LTD company (solely owned by the individual) making this loan.
Many thanks
Alistair Taylor