UK Law

Get UK Law Questions Answered by Verified Experts

Ask an Expert,
Get an Answer ASAP!

Re tax on childrens trust Budget 2010 1)what is tax rate…

Customer Question
Re tax on childrens trust...
Re tax on childrens trust Budget 2010:
1)what is tax rate on any income generated inthe trust?
2)what is tax rate on any capital gain in the trust?
3)when do changes take effect?

Thanks Mike Buswell
Submitted: 8 years ago.Category: UK Law
Show More
Show Less
Ask Your Own UK Law Question
Answered in 13 hours by:
6/25/2010
Solicitor: UK-Justice, Barrister replied 8 years ago
UK-Justice
UK-Justice, Barrister
Category: UK Law
Satisfied Customers: 16,193
Experience: Called to the Bar in 2007
Verified
You are referring to Children Trust Funds? The one you used to get £190 for?
Ask Your Own UK Law Question
Customer reply replied 8 years ago

You are too late-the answer I have received from a different source

I cannot do business any more with an organisation that does not believe in any telephe contact at all.

 

Coild you please ensure that any cash taken from my credit card is repaid

Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a solicitorLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Ben Jones Your Own Question
Ben Jones
Ben Jones
Ben Jones, UK Lawyer
Category: UK Law
Satisfied Customers: 9,261
9,261 Satisfied Customers
Experience: Qualified Solicitor

Ben Jones is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

A quick response, a succinct and helpful answer in simple English. I believe I can now confront the counter party with confidence -- worth the 30 bucks!

RickLeeds, UK

I did not know a French Law service existed and I was very impressed with the speed of reply --- very professional. Many thanks!

Ms. BakerAlfafar, Spain

Thank you so much for your help. Your answers were really useful and came back so quickly. Great!

MaggieUSA

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

I couldn't be more satisfied! This is the site I will always come to when I need a second opinion.

JustinKernersville, NC

< Previous | Next >

Meet the Experts:

Ben Jones

Ben Jones

UK Lawyer

9,261 satisfied customers

Qualified Solicitor

INC

INC

Solicitor-Advocate

3,868 satisfied customers

LL.B, Pg.Dip, LL.M, M.B.A (Pending), Solicitor-Advocate. UK Practising Certificate issued by SRA., DIFC Courts Registered (Dubai)

Jenny Mackenzie

Jenny Mackenzie

2,760 satisfied customers

Over 10 years experience in general legal matters

Matthew J

Matthew J

Solicitor

334 satisfied customers

4 y PQE (Partner) - Commercial / Residential Property & Property and Civil litigation experience

James Mather

James Mather

7,349 satisfied customers

Senior Partner at Berkson Wallace

Clare

Clare

Solicitor

9,513 satisfied customers

family solictor with 25 years experience

Thomas

Thomas

Lawyer

2,177 satisfied customers

BA (Hons), PgDip, Practising Solicitor

< Previous | Next >

Related UK Law Questions
my questions are regarding UK: (i) do you pay captial gains
my questions are regarding UK: (i) do you pay captial gains tax if you rent out a single room, with single lodger under the rent a room scheme, if you decide to sell your house? (ii) if you own one ho… read more
UK-Justice
UK-Justice
Barrister
16,193 satisfied customers
hi,i have been employed by the same company for 14 years,
hi, i have been employed by the same company for 14 years, and during that period i have obtained share "options" from the owners. they put 20% of the total shares in a trust many years ago for distri… read more
Senior Partner
Senior Partner
Bachelor's Degree
5 satisfied customers
what is the tax rate for a Capital Gains Distribution from
I have a Capital Gains distrubution from a mutual fund held in the USA. What is the UK tax rate for this please? And where is it entered in my UK tax return? many thanks, David… read more
UK-Justice
UK-Justice
Barrister
16,193 satisfied customers
Hi, My father left a modest amount of money in a discretionary
Hi, My father left a modest amount of money in a discretionary offshore trust fund (over 7 years before he died). As the fund is so small, the trustees have advised that their charges outweigh any ben… read more
UKSolicitorJA
UKSolicitorJA
Bachelor\u0027s Degree
1,867 satisfied customers
Question concerning my UK tax obligation. I am resident
Question concerning my UK tax obligation. I am resident of UK, but domisiled from the US Under this status, I understand that any 'US investment income' that I import to the UK will be subject to UK t… read more
UKSolicitorJA
UKSolicitorJA
Bachelor\u0027s Degree
1,867 satisfied customers
My son is two years old. My husband and I own two houses (one
My son is two years old. My husband and I own two houses (one has a very small mortgage but it will soon be paid off. the other one is fully mortgaged). With the aim of minimising tax inpact in case w… read more
Joshua
Joshua
Lawyer
LL.B (Hons), Prof. Dip. Law & Pract
14,209 satisfied customers
Discretionary Trusts I am a beneficiary under a Discretionary
Discretionary Trusts I am a beneficiary under a Discretionary Trust. My Uncle died leaving £162,500 in Trust for myself and a similar amount to my brother. The Joint Trustee has now decided not to go … read more
Senior Partner
Senior Partner
Bachelor's Degree
5 satisfied customers
Will you tell me the benefits and problems associated with
Will you tell me the benefits and problems associated with elderly parents placing a house In Trust for their children? Thank you.… read more
Joshua
Joshua
Lawyer
LL.B (Hons), Prof. Dip. Law & Pract
14,209 satisfied customers
A life interest trust that was established overseas, has now
A life interest trust that was established overseas, has now acquired UK trust status on account of the settlor and trustees becoming UK resident. In order to re-export the trust overseas, is it suffi… read more
Joshua
Joshua
Lawyer
LL.B (Hons), Prof. Dip. Law & Pract
14,209 satisfied customers
I am 59 years of age with 2 children age 21 and 23. I am buying
I am 59 years of age with 2 children age 21 and 23. I am buying a house, for my own use, although my children will use it from time to time, for £2.55m. It will be a cash purchase and I have plenty of… read more
UK-Justice
UK-Justice
Barrister
16,193 satisfied customers
I own an earn income from a property and I pay tax 0f 40% -
I own an earn income from a property and I pay tax 0f 40% - is there any way that ,I can divert this income to my children who do not pay tax - without making them joint owners of the property.… read more
Joshua
Joshua
Lawyer
LL.B (Hons), Prof. Dip. Law & Pract
14,209 satisfied customers
My aunt is beneficiary of an interest in possesion trust whereby
My aunt is beneficiary of an interest in possesion trust whereby she has a life interest in the trust, receiving all trust income, with the capital in the trust going to her step children after her de… read more
Joshua
Joshua
Lawyer
LL.B (Hons), Prof. Dip. Law & Pract
14,209 satisfied customers
My wife bought a property for her mother to live in rent free
My wife bought a property for her mother to live in rent free on 01/05/1998 for £65000. Her mother lived there until her death on 15/11/09. The property remained empty until it was sold on 03/08/2010 … read more
Joshua
Joshua
Lawyer
LL.B (Hons), Prof. Dip. Law & Pract
14,209 satisfied customers
I would like to set up a trust whereby the income generated
I would like to set up a trust whereby the income generated would help pay for their school uniforms and/or non academic activities during their schooling. The trust to be responsible for any tax liab… read more
Joshua
Joshua
Lawyer
LL.B (Hons), Prof. Dip. Law & Pract
14,209 satisfied customers
Good morning I own a property worth approximately 220,000
Good morning I own a property worth approximately £220,000 which is let out. I have a £150,000 buy to let mortgage. I purchased this for £225,000 2 years ago. Could I, whilst continuing with the buy t… read more
cmd2008
cmd2008
Solicitor
Bachelor\u0027s Degree
43 satisfied customers
Hi. I bought a buy to let flat with my wife in 2000 for 75k
Hi. I bought a buy to let flat with my wife in 2000 for £75k and we sold it in 2007 for £175k. I calculate my Capital Gains Tax to be £75k after the tapper of 75%. I earnt £19k in 2007/8 and my wife e… read more
Sam
Sam
Tax Consultant
Higher Officer HMRC
7,685 satisfied customers
My parents want to transfer a 50% interest in their house in
My parents want to transfer a 50% interest in their house in recognition of the support I have given them over the last 12 years. I have given them money to maintain/improve their house as well as my … read more
Sam
Sam
Tax Consultant
Higher Officer HMRC
7,685 satisfied customers
my father died in 1970 and my mother remarried in 1985 living
my father died in 1970 and my mother remarried in 1985 living in my fathers and her house with her new husband. She rewrote her will in 1999 leaving the house in trust to myself and her cash and share… read more
PTS Law Ltd
PTS Law Ltd
35 years experience English Solicit
1,198 satisfied customers

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

Show MoreShow Less

Ask Your Question

x