»Ê¹ÚÌåÓýapp

»Ê¹ÚÌåÓýapp beneficiary of a bare or simple trust has the right to take actual possession of the trust property. Bare trustees are ‘namesâ€� or ‘dummiesâ€� for the true owner. »Ê¹ÚÌåÓýappy are often known as nominees, especially if the assets are shares in a limited company.

»Ê¹ÚÌåÓýappre may be more than one beneficiary of a bare or simple trust. Provided they are fully competent to manage their own affairs, they can agree to break up the trust. »Ê¹ÚÌåÓýappy do not need the agreement of the trustees. Details are at CG34300+ onwards