I have a contractor client who recently changed to using a firm who run a partners benefit trust rather than a limited company. The set up seems totally artificial and very similar to EBTs which I understand are now no longer used. I have not come across this before but would not wish to get involved so I shall ask him to go on his way. I am being overcautious?
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I have heard of it. The truth is that they will probably work for a while and then disappear. Having said that if I was a contractor I would probably be doing the same.