Naked Trust

(redirected from Bare Trusts)
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Naked Trust

A trust in which the grantor leaves assets to the care of a trustee, whose only duty is to transfer those assets to a stated beneficiary. This contrasts with most other trusts, in which the trustee invests or otherwise safeguards the assets and gives the income they generate to the beneficiary.
References in periodicals archive ?
The Government will look to progress the recommendations to streamline arrangements for bare trusts as part of the regulatory reform program.
Treasury will undertake further consultation on the scope of potential changes, for example, in defining the core characteristics of a bare trust for taxation purposes.
Bare Trusts and Implied Bare Trusts, which are the most common, straightforward and arguably the most tax efficient.