In the new Tax Podcast, Alexey Zuikov, Head of Corporate Practice at Tax Compliance, and Ekaterina Kopylova, Senior Tax consultant, discussed personal funds. This asset management tool appeared in Russian legislation on March 1, 2022. These are lifetime legacy funds — an analogue of a trust or a private foundation from foreign practice. 

In this issue, the lawyers:

• Described the business purpose of creating personal funds and the procedure for their formation.
• We noted the aspects that need to be taken into account when planning a personal fund.
• We analyzed current legislation and regulatory innovations.
• We have listed the tax preferences of this asset management tool.
• Identified the privacy issues of personal funds. 

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