undefined | Better HN

0 pointsManuel_D1mo ago0 comments

In this case, the beneficiaries of the trust pay income tax on the money they receive from the trust.

0 comments

2 comments · 1 top-level

madaxe_again1mo ago· 1 in thread

You don’t pay income tax on loans, and the trust exists in a place with no CGT.

Manuel_DOP1mo ago

It doesn't matter where the trust exists, what matters is that the people drawing from the trust pay income taxes on that money.

j / k navigate · click thread line to collapse