Take part in the SDLT discussion forum and give feedback. Sign up to submit that question you've wanted to ask or to share your experience or an outcome to a point of law or practice that may be puzzling the rest of us.

Home Forums Patrick Cannon Do EBT or EFRBs still work? Reply To: Do EBT or EFRBs still work?

#700
Justin Bryant
Guest

You would probably be better off asking about this on another tax discussion forum, such as taxationweb or accoutingweb. Anyway, remuneration trusts (or EBTs) only really now work for CGT/IHT mitigation re company shares and do not really work re profit extraction planning from companies (CT & income tax mitigation), although I know of such planning that still purportedly works involving EBTs even after the GAAR, but this is only for the bold in my view and you should only deal with someone who is regulated by a professional body (such as a lawyer or chartered accountant with a practicing certificate and whose firm is regulated by the SRA or ICAEW) to avoid potential penalties for negligence etc. as there are a lot of unregulated cowboy tax advisers out there peddling EBT based schemes.