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  3. Law: Contract(s)

DISCRETIONARY TRUST OF INHERITANCE TAX NIL RATE BAND LEGACY

14:52 May 23, 2018
English to German translations [PRO]
Law/Patents - Law: Contract(s) / Testament
English term or phrase: DISCRETIONARY TRUST OF INHERITANCE TAX NIL RATE BAND LEGACY
Überschrift eines Abschnittes in einem Testament:
DISCRETIONARY TRUST OF INHERITANCE TAX NIL RATE BAND LEGACY
the nil rate band legacy" shall mean such sum as is equal to the upper limit of the nil per cent rate band in the table of rates of tax applicable on my death in Schedule 1 to the Inheritance Tax Act 1984 less an amount equal to the aggregate of the amount chargeable to inheritance tax of all or any chargeable transfers (including potentially exempt transfers which have become chargeable as a result of my death) made by me during my lifetime in the cumulation period specified by s 7(l)(a) of the Inheritance Tax Act 1984
Jitka Hejkal
Local time: 09:49


Summary of answers provided
3Testamentarischer Ermessenstrust im Umfang des steuerfreien Grundbetrags
Johanna Timm, PhD


  

Answers


1 day 6 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
discretionary trust of inheritance tax nil rate band legacy
Testamentarischer Ermessenstrust im Umfang des steuerfreien Grundbetrags


Explanation:
Discretionary trust: for this kind of trusts, the trustees have discretion as to how, when, and for whose benefit to use some or all of the capital and income of the trust fund=
auf Deutsch: In das Ermessen des Treuhänders gestelltes Trust (Zweckvermögen) kurz= "testamentarischer Ermessenstrust“

nil rate band: This is the amount of a person’s estate that is exempt from inheritance tax (charged at nil/ 0% )
auf Deutsch = steuerfreier Grundbetrag
Vorschlag f. die Ueberschrift:
Testamentarischer Ermessenstrust bis zur Höhe/im Umfang des steuerfreien Grundbetrags
http://tinyurl.com/ydy3krgj



Johanna Timm, PhD
Canada
Local time: 00:49
Native speaker of: Native in GermanGerman
PRO pts in category: 401
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