Trust management expenses

Trust management expenses

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Would someone be able to explain to me, as if talking to a layman, what is the political justification for on the one hand allowing tax relief for (certain) trust management expenses but then at the same time, for those expenses, restricting relief to the additional rate but not the basic or lower rate?

Just curious.

Thanks

With kind regards

Clint Westwood

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By Wanderer
09th Jan 2016 13:14

Don't know

about the political justification however I think they are 'deemed' to be paid out of net income, which is why the relief is restricted. Bit like pension contributions & Gift Aid.

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