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Gibraltar: Types of Company


The Gibraltar Private Foundation Ordinance 1999 was intended to establish a regime for foundations as 'vehicles for the holding of private assets endowed on the foundation for the benefit of identified persons or classes of persons', and was scheduled to become effective from 1st January 2000. This legislation fell by the wayside, leaving the situation with regard to Gibraltar foundations uncertain.

However, the Income Tax Act 2010, in force from January 1, 2011, provides within its definition of a trust for tax purposes 'any disposition, agreement or arrangement of like nature', thus including foundations.



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