More convictions for trust busting

Further convictions at Oxford Crown Court this month highlight the huge sums being lost in trust busting scams. In this case a 20% commission was deducted from transfers resulting in a lost to the Inland Revenue of over £1m. Last year Opra fined two trustees of a scheme where a total sum of £1.8m was deducted from at least 94 transfers. Here we suggest some practical steps to assist trustees when making transfers.

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