I’ve come up against this again. Thank you very much for your response Paul. Is there any chance you could reply to my last message above, or if anyone else could?
I need a definitive answer so I don’t give my client the wrong advice. I’ve only seen examples of the double taxation relief used for GWROB when tax has been payable and I cant find an authority to confirm either way. These clients are not paying me, by the way, I’m just trying to help a couple of totally perplexed couples in the best way to resolve their issues. I do not charge for ‘having a go’ at something!
I keep at this as I desperately want to KNOW the answers without any hesitation, but I’m realising that its slightly above my knowledge level, Anyone an expert in this who would like referrals as and when they come in?
I have two clients (plus one I passed on who needed to do something right away) and I’ve so far told them there is no harm in keeping the trusts (once the trustee / LR is rectified), but its not ideal for either of them.
Kirsty Claridge
The Deans Legal Services