We are often asked if our trust deed encompasses the issues raised in the Bamford case. We are pleased to say yes.
Castle’s investment in having good quality documents has paid off, and you will be pleased to know that all trust deeds issued by Castle define “income” very flexibly, so that it encompasses either a section 95 definition or an ordinary concepts definition, with the trustee being free to use such interpretation as best suits its purposes.
To read more about the Bamford case and how we can help, read here.