Publication Type
Journal Article
Version
acceptedVersion
Publication Date
10-2022
Abstract
Following amendments to the ACD regime in Singapore, transferring equity interests to and from a trust with no beneficial owners will attract ACD, as will the exercise of a power of appointment by a trustee to grant equity interests to a beneficiary. Renunciation of interests in a bare trust will also attract ACD. Together with the introduction of ABSD (Trust), it is now impractical to use trusts to hold residential properties for succession planning purposes. Remaining options are to gift the properties without any strings attached or bequeath the properties in a will and risk subsequent changes to death taxation.
Keywords
Tax Law, Trusts Law, Taxation of Trusts, Singapore Law, Stamp Duties
Discipline
Estates and Trusts | Tax Law
Research Areas
Corporate, Finance and Securities Law; Private Law
Publication
Trusts and Trustees
Volume
10
Issue
12
First Page
1
Last Page
11
ISSN
1363-1780
Identifier
https://doi.org/10.1093/tandt/ttac099
Publisher
Oxford University Press (OUP): Policy H - Oxford Open Option D
Citation
OOI, Vincent.
Holding residential property on Inter Vivos trusts in Singapore: Transfers of equity interests. (2022). Trusts and Trustees. 10, (12), 1-11.
Available at: https://ink.library.smu.edu.sg/sol_research/3993
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://doi.org/10.1093/tandt/ttac099