A practical guide to exit and principal charges for trusts

This practical webinar will show you how to understand and calculate exit and principal (anniversary) charges, determine when they arise, and report them to HMRC.

Participants will gain the knowledge to perform these calculations accurately and advise clients on potential tax liabilities when setting up trusts.

Topics covered include:

• An introduction to the relevant property regime
• A guided example on calculating an exit charge in the first ten years of the trust
• A guided example on calculating the principal or anniversary charge
• A guided example on calculating later exit charges
• A run through on how to report these charges to HMRC