Buying Shares Durin...
 
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Buying Shares During a Trust Deed

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(@clarem)
New Member
Joined: 11 years ago
Posts: 1
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Hi, is it possible to buy shares whilst in a Trust Deed?


   
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Mark McFadyen
(@mark-mcfadyen)
Famed Member
Joined: 16 years ago
Posts: 4798
 

Hi clarem

Yes, however your Trustee may claim an interest in the value of these.

Unfortunately it is another one of those grey areas which would need the agreement of the trustee. In one scenario you could have your income and expenditure agreed and decide to cut back on something to save money which should be fine, however if the money was used to buy shares, then that may not, when in fact it is pretty much the same thing.

Mark

Mark is not posting regularly in the Trust-deed.co.uk forum.


   
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