Who is liable for tax on bond gains within a trust - decision tree
24 January 2025
Key points
To use this decision tree you'll need to know the following information:
- Whether the Settlor is still alive or deceased.
- If the Settlor is deceased, the Tax Year in which they died
- The residency status of the Settlor, the Trustees and the beneficiaries
- The type of trust applicable - as these special rules do not apply to absolute trusts
This decision tree can be used to highlight where individuals could be seen to be recycling their tax free cash.
Assumptions and limitations – The decision tree outcomes are based on a number of assumptions and are only illustrative. Standard Life does not accept any responsibility for any loss caused by reliance on this decision tree. This does not constitute financial or other professional advice from Standard Life. If you require tax or other professional advice you should consult a suitability qualified professional.