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Family Trusts and the Budget: Are Your Succession Plans Still Tax-Efficient?

Shared from Tax Insider: Family Trusts and the Budget: Are Your Succession Plans Still Tax-Efficient?
By Peter Rayney, April 2026

Peter Rayney reviews the current income tax regime for discretionary trusts. 

The Autumn Budget 2025 introduced various income tax increases, most of which apply from April 2026.  

Many business owner-managers are now using trusts to implement succession planning and it is therefore important for them to understand the current income tax position of discretionary trusts and the extent to which the tax rises have affected their ‘family’ trusts. 

Income tax treatment 

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