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Words: | Submitted: Mon Jun 19 2006
... trusts for the advancement of education; trusts for the advancement of religion; and trusts for other purposes beneficial to the community, not falling under any of the preceding heads'. This definition is not modern although it is well established and needed to stop the 'floodgates' being open to people who want to claim personal benefit which are not charitable because of the advantages they will receive from this. The main advantage being the privileged tax position, exemption from paying income tax, the position to claim tax back when they have make fiscal gifts, Council tax relief, and a reduction in inheritance tax. The Charity Commissioners and the Crown through the Attorney General enforce these Trusts. Non-Charitable Trusts differ and the courts attitude towards them is generally 'hostile'. For them to precede their needs to be an actual human beneficiary, it must have benefits for the beneficiaries, and the trust must not be ...
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