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Simple trust
(redirected from Bare Trusts)

    Also found in: Financial 0.01 sec.

simple trust n. a trust which requires that all income be distributed each year and not accumulated. (See: trust)

SIMPLE TRUST. A simple trust corresponds with the ancient use, and is where property is simply vested in one person for the use of another, and the nature of the trust, not being qualified by the settler, is left to the construction of law. It differs from a special trust. (q.v.) 2 Bouv. Inst. n. 1896.
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The change to the rate of Capital Gains tax will however affect all trusts, other than bare trusts.
Limiting impact of increased tax rates for Trusts; Stephen Jones, ... by The Birmingham Post (England)
All future and existing bare trusts ( a simple type of trust often used for an insurance policy to pay off a mortgage ( will not be affected.
Tax change will not hit middle incomes by The Journal (Newcastle, England)
Do bare trusts holding title to any property such as ships, aircraft, and leased assets also qualify for CCRA's policy in TIB--068 and Policy P-015, i.
Pending excise tax issues: December 2, 2003 by Tax Executive
 
 
 
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