TSEM1805 - Introduction to trusts: supplementary deeds: reasons for supplementary deeds

About supplementary deeds

»Ê¹ÚÌåÓýappre are many names for supplementary deeds. Some do not always reflect the true nature of the deed. TSEM1815 onwards has details of various types.

A deed can affect the taxation of

  • trustees
  • beneficiaries
  • settlor

Other reasons for a deed include

  • ending a trust. This could have Capital Gains Tax implications. Details are at CG37300 ´Ç²Ô·É²¹°ù»å²õ.Ìý
  • appointing new trustees. »Ê¹ÚÌåÓýapp new trustees may be resident outside the United Kingdom
  • removing beneficiaries
  • adding beneficiaries
  • adding excluded persons
  • transferring capital to another existing trust
  • transferring income to another existing trust
  • adding administrative provisions
  • changing the law applying from the law of England and Wales to a foreign lawÂ