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Naked Trust
(redirected from Bare trust)

    Also found in: Legal, Wikipedia 0.01 sec.
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.
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to the extent that the bare trust holds only title to these assets and the beneficial owner performs all administrative functions, the bare trust will not be required to register for GST?
Pending excise tax issues: December 2, 2003 by Tax Executive
Bare trusts can be used to pass money to children and are popular among grandparents.
DP MONEY: How to foil the taxman; You don't have to be rich to fall ... by Daily Post (Liverpool, 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)
 
 
 
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