You don’t pay income tax on loans, and the trust exists in a place with no CGT. | Hacker News

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madaxe_again 30 days ago | parent | context | favorite | on: How to convert between wealth and income tax

You don’t pay income tax on loans, and the trust exists in a place with no CGT.

Manuel_D 29 days ago [–]

It doesn't matter where the trust exists, what matters is that the people drawing from the trust pay income taxes on that money.

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