Trusts

Umbrella Remuneration Trust

umbrella remuneration trustWHAT IS THE UMBRELLA REMUNERATION TRUST?

Under UK law, the LaingRose Umbrella Remuneration Trust (URT) allows businesses to provide incentives for its suppliers, customers or creditors – and claim relief against corporation tax / income tax as an allowable business expense.

Using legal strategies successfully implemented for more than two decades, the business can fund an incentive plan, using statutory protection, to a tax-free, trust-based environment.

An interesting by-product of the Remuneration Trust is that there is no liability to corporation tax, income tax, capital gains tax or national insurance – on any trust contributions or trust growth.

Umbrella Remuneration Trust Features:

  • Uses statutory reliefs
  • Proven track record
  • Involves no ‘Tax Avoidance’
  • Fully disclosed to HMRC and does not require a DOTAS reference
  • Contributions are deductible against corporation tax / income tax
  • Using technology known to HMRC since 1994
  • Approved by House of Lords in 2005
  • Outside Finance Act 2011
  • Outside the scope of GAAR (General Anti-Abuse Rule)
  • Advice given by our experienced tax specialists for all HMRC enquiries relating to the URT

Umbrella Remuneration Trust Benefits:

  • Protection of assets from litigation, creditors and divorce
  • Interest and investment growth would be tax-free
  • Rents earned would be tax-free
  • Sale profits would be tax-free
  • Tax-free growth of assets
  • Tax-free on the sale of assets
  • Tax-free access to trust wealth
  • Tax-free loans available
  • IHT deduction for loans on death
  • Freedom of investment
  • Trust wealth available, tax-free, to beneficiaries upon death
  • Incentives can be accessed tax-free
  • Funds can stay in the UK, and grow tax-free
  • Complete control of your assets in the UK

If you would like any further information about the Remuneration Trust, or any other of our trust planning, please fill out the form on the right.

Alternatively, simply call us on : 0845 388 9002. We look forward to assisting you.

© LaingRose Ltd. 2017