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Glossary > B > "Bare trust" Definition

Bare trust

A trust which allows parents to give capital to a child and have the income from that capital treated as the child"s rather than their own. This can save tax by using the child"s personal income tax allowance.

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Bare trust - A trust which allows parents to give capital to a child and have the income from that capital treated as the child"s rather than their own. This can save tax by using the child"s personal income tax allowance.

Bare trust : a trust which allows parents to give capital to a child and have the income from that capital treated as the child"s rather than their own. this can save tax by using the child"s personal income tax allowance.