
Investments
Trusts: New law creates many new problems
Monday 31st of May 1999
If you have formed, or are the beneficiary of, a discretionary family trust, you need to know about recent developments concerning the making of gifts to such trusts. Often such gifts are made in the form of the forgiveness or writing off of debts owed by the trustees to the originators of the trust eg: unpaid purchase price for acquisition of assets from those originators.
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