+ Limited Life of Trusts

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Many clients are totally unaware of the limited life of trusts. Many trust deeds are kept in safe custody boxes for years without being looked at. They should be looked at!

Where your client agrees to use his old trust to buy a property, stamp duty will be payable on all the dutiable property in the trust when the trust ends. So if the trust ends soon after the acquisition, he will have to pay stamp duty again. Not the best way to keep a client happy.

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