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Home Forums Patrick Cannon Can the use of a bare trustee avoid the 3% additional rate of SDLT? Reply To: Can the use of a bare trustee avoid the 3% additional rate of SDLT?

#897
Justin Bryant
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The following extract from the Crest Nicholson case in the link below suggests that a bare trust deed should only be executed & delivered on or after acquisition of the relevant property by the bare trustee and not before.

“…and the technical legal difficulty in creating a trust over property to be acquired in the future”

http://financeandtax.decisions.tribunals.gov.uk//judgmentfiles/j9615/TC05629.pdf