TACT raised the question of claiming a professional receiver's final fees and PGO fees on winding up a receivership as debts of the estate. As PEP/ISA managers' closing fees are allowable where they are a contractual liability under the PEP/ISA agreement, can a professional receiver's fees be treated in the same way? ...
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HMRC are piloting a change in the way that they monitor of excepted estates ...
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New Ways of Working - Capital Gains Tax for Trusts & Estates

HM Revenue & Customs are developing toolkits to support agents. Can you help? ...
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Arrangements for the 2010 Dinner are now being finalised. It will again be held at The Merchant Taylors’ Hall, 30 Threadneedle Street, London EC2.on 7 October.

Please mark your diaries.

Invitati on letters will be sent out shoertly. ...
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TACT

W J Stephenson,
3 Brackerne Close,
Cooden,
Bexhill on Sea,
East Sussex
TN39 3BT

Phone/Fax: 01424 844144
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E-mail: tact@cooden.fsbusiness.co.uk
tact@cooden.fsbusiness.co.uk

Pensions         

Chairman - Graham Withers           H R Trustees Ltd.
Secretary - Mark Homer                 P S Independent Trustees Limited
All leading corporate trustees of occupational pension schemes are represented on this Committee.  They are trustees of some £100 billion of pension funds with 1.25m members in benefit. This represents about 10% of the occupational sector. 

Loan Capital

Chairman - Stephen W S Norton     The Law Debenture Trust Corporation Plc.
Secretary - Janys Bracey                The Law Debenture Trust Corporation Plc.

All U.K. based trustees of loan capital instruments sit on this Committee.  The aggregate value of the trusts for which they are responsible is some £900 billion, a large proportion of which relates to foreign borrowers.This Committee protects the interests of loan capital trustees.

Private Trusts

Chairman - Michael W Coulshed     HSBC Trust Company (UK) Ltd.
Secretary - Bill Stephenson            The Association of Corporate Trustees

Almost all of the leading corporate trustees of private trusts sit on this committee. They are estimated to act for about 15% of this market, by number of trusts administered, with funds under management in excess of £10 billion. The Committee also includes representatives from TACT`s Charity members. 

Dinner

Chairman - Ian Taylor                       Rathbone Trust Company Limited
Secretary - Bill Stephenson            The Association of Corporate Trustees



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