An introduction to Trusts

Overview

The session will cover:

• A brief summary of the different types of trust.
• Why do people set up trusts.
• The key individuals involved in a trust and their roles and responsibilities.
• Through the lifetime of trust the tax implications and administration matters that need to be considered including Inheritance Tax, Income Tax, Capital Gains and the Trusts Registration Service.

Vanessa Clark FCCA - Tax Director, Azets

Vanessa is a Tax Director at Azets in their Gloucester office and covers the South West region. She has over 20 years experience providing Private Client tax advice to a wide range of clients. Vanessa has gained valuable experience during her career both on compliance and advisory matters as a result of working with such a wide range of Private Client including High Net Worth’s, Non-residents, Non-domiciled individuals, Directors of OMB’s and trusts. Vanessa’s specialisms include inheritance tax planning, trusts, capital gains advice and in particular tax advice for non-resident and non-domiciled individuals.

Sati Virdee - Tax Director

Sati Virdee is a Tax Director at Azets in their London Private Client Tax team. Her tax career spans over 25 years having started her career with Grant Thornton and then Lloyds TSB in corporate tax. She moved across to personal tax because she enjoyed meeting and advising individuals. Since then Sati has worked in various firms in London often focussing on non-domiciled individuals, before joining Azets in February 2024.