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Home / Simons-Taxes /IHT, trusts and estates /Part I5 Settled property /Division I5.12 Income tax and CGT for non-resident settlements /Effect of foreign law on settlements / I5.1211 The form of foreign trusts
Commentary

I5.1211 The form of foreign trusts

IHT, trusts and estates

The concept of the trust originated in English law. The idea has been exported world-wide to those territories which adopted and embraced the common law system.

However, there is no universal trust law. Each territory has adapted English trust law as necessary for its own purposes. For

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