The first part of this session shall focus on the basic principles of trust law in Malta. The discussion shall inter alia focus on the basic features of a trust in Malta and what is required in order to create a trust in terms of Maltese law, the various types of trusts, the concept of fiduciary obligations as well as a high level analysis of the duties pertaining to the different parties associated with a trust.

The second part of this session shall cover Malta’s tax regime in relation to trusts from an income tax perspective. The session shall, in particular, cover the general ruleset applicable to the taxation of settlements of property on trust, trust income, trust distributions, transfers of beneficial interest and relevant anti-hybrid considerations.