TSEM3320 - Trust income and gains: Accrued Income Scheme trusts outside the provisions - bare trustees
ITA/S666
»Ê¹ÚÌåÓýapp Accrued Income Scheme does not apply to bare trustees.
»Ê¹ÚÌåÓýapp beneficiary of a bare or simple trust has the right to take actual possession of the trust property.
Bare or simple trustees are often known as nominees, especially if the assets are shares in a limited company.