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Top Slicing Relief - Offshore Bond in Trust
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Mothman
Posts: 293 Forumite
in Cutting tax
[FONT="]I am one of the beneficiaries of an offshore investment bond held in a flexible reversionary trust where the bond is written as a series of underlying endowment policies. The bond was originally taken out by the settlor 20yrs ago and no withdrawals have been made in that time.[/FONT]
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[/FONT][FONT="]If the settlor\trustees were to assign me segments of the bond so that I can encash them in a tax efficient way at a time of my choosing, can anyone advise if I would be entitled to apply top slicing relief and if this would be calculated on the number of years since the settlor took out the original bond?[/FONT]
[FONT="]
[/FONT][FONT="]If the settlor\trustees were to assign me segments of the bond so that I can encash them in a tax efficient way at a time of my choosing, can anyone advise if I would be entitled to apply top slicing relief and if this would be calculated on the number of years since the settlor took out the original bond?[/FONT]
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