interest-in-possession trust

interest-in-possession trust

Англо-русский экономический словарь.

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Смотреть что такое "interest-in-possession trust" в других словарях:

  • Interest in possession trust — An interest in possession trust is a form of legal arrangement which gives a person a present right to the present enjoyment of something [ Viscount Dilhorne in Pearson v IRC [1980] STC 318 at 323] . At least one of the beneficiaries of this type …   Wikipedia

  • interest-in-possession trust — A type of fixed interest trust in which there is an entitlement to the income generated by the trust assets. The beneficiary of an interest in possession trust, the life tenants, are entitled to the income arising for a fixed period or until… …   Big dictionary of business and management

  • interest-in-possession trust — A type of fixed interest trust in which there is an entitlement to the income generated by the trust assets. The beneficiaries of an interest in possession trust, the life tenants, are entitled to the income arising for a fixed period or until… …   Accounting dictionary

  • interest in possession — England, Wales Interest in possession (IIP) is a trust law principle that has UK taxation implications. A beneficiary of a trust has an IIP if they have the immediate right to receive the income arising from the trust property, or have the use… …   Law dictionary

  • qualifying interest in possession — England, Wales qualifying interest in possession (qualifying IIP) Qualifying interest in possession (IIP) trusts are treated, for inheritance tax purposes, as though the assets belonged to the life te …   Law dictionary

  • trust — An arrangement enabling property to be held by a person or persons (the trustees) for the benefit of some other person or persons (the beneficiaries). The trustee is the legal owner of the property but the beneficiary has an equitable interest in …   Accounting dictionary

  • trust — An arrangement enabling property to be held by a person or persons (the trustees) for the benefit of some other person or persons (the beneficiaries). The trustee is the legal owner of the property but the beneficiary has an equitable interest in …   Big dictionary of business and management

  • trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… …   Law dictionary

  • interest — in·ter·est / in trəst; in tə rəst, ˌrest/ n [probably alteration of earlier interesse, from Anglo French, from Medieval Latin, from Latin, to be between, make a difference, concern, from inter between, among + esse to be] 1: a right, title, claim …   Law dictionary

  • trust receipt — n: a trust agreement between a lender and a borrower by which the lender gives up possession of goods without abandoning title and the borrower agrees to hold the goods in trust for the lender and if the goods are sold to turn the proceeds over… …   Law dictionary

  • trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… …   Black's law dictionary


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