Can a trustee also be a beneficiary?
I have yet to form a trust of which at least one of the trustees is also beneficiary, so the answer is an unequivocal “Yes”.
“But hang on”, you say, “I snipped this from the CIPC website when I was trying (yes, I’ve also tried) to submit my trust’s Beneficial Ownership return” –
So now CIPC is changing the law relating to trusts. Absolute nonsense! But said with such authority, one wonders who in their right mind at CIPC could come up with that one.
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