B are trusts, often referred to as "nominee", "simple" or "naked" trusts-unlike ordinary express trusts-are still trusts but are transparent for income tax, capital gains tax (CGT) and inheritance tax (IHT) purposes-in other words they don't exist as far as HM Revenue and Customs (HMRC) is concerned as
No takes yet. Share an insight, caveat, or question.
Pablo Cortés (2025) studied this question.
Synapse has enriched 5 related papers. Consider them for comparative context: