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Trust purpose: Tax Planning & Avoidance of Estate Duty

A Trust can completely avoid estate duty being levied on the assets in the Trust on the demise of the Settlor. A Trust may also have certain income and capital gains tax advantages depending on the tax residency of the Settlor and the Trust itself.

For example, according to the BVI legislation, no income or capital taxes are levied on offshore trusts having domicile in the BVI.