Still got it: how might advisers use EBTs?

The time when employee benefit trusts (EBTs) offered a panacea in terms of tax planning may be a long-distant memory for many, financial advisers included. However, although the introduction of the "disguised remuneration" legislation at Part 7A of ITEPA 2003 has altered perceptions of the usefulness of EBTs, investigation of their use still bears considerable merit. Let us initially consider the ramifications of the introduction of that part 7A legislation. Certainly since Finance Act 2003, and as argued famously in the 2005 House of Lords decision in McDonald v Dextra Accessories Li...