Charitable Trusts Flashcards
1
Q
Advantages of Charitable Trusts
A
- Do not depend on the existence of human beneficiaries
- enforced by charities regulatory athority
2
Q
Advantages of Charitable Trusts (II)
A
- No subject to same requirements in relation to certainty of objects as a private trust
- May be perpetual in nature
- enjoy immunity from certain taxes especially towards income tax.