Continuous Beneficiary Trust 100-Year Contract Exempt from Repeated Taxation, Bolstering High-Net-Worth Family Office Business
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Taiwan's 'Continuous Beneficiary Trust' 100-year contract has reached cross-ministerial consensus on tax exemption. This means that under certain conditions, gift and inheritance taxes will not be repeatedly levied when beneficiaries change, which is expected to boost family office business for high-net-worth individuals.