Bare trusts
Accrued income
As investment vehicle
Avoiding probate
Beneficiaries
Minors and incapacitated persons
Persons sui juris
Capital gains tax
Annual exemption
Charge to tax
Generally
Infancy/legal disability
Capital value included in estate
Case study
Charging for advice
Designated accounts
Disposals after administration period
Features of
Generally
Income tax
Inflexibility of
Inheritance tax
Meaning
Offshore income gain
Minor beneficiary
Personal injury
Probate not required
Registration requirement (exemption)
Savings income allowance
Seed enterprise investment scheme
Single premium bonds
Tax planning
Transfers to
Use for minor beneficiary