The Finance Act has introduced sweeping changes to the treatment of trusts under inheritance tax law. Richard Dew offers advice on how to keep the tax man at bay
November 29, 2006 at 07:03 PM
1 minute read
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Updated on November 29, 2006
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The original version of this story was published on Legalweek
The Finance Act 2006 made a number of fundamental and surprising changes to the inheritance tax (IHT) treatment of trusts. There is an immediate need to review and revise existing trusts and wills in the light of the changes to ensure that unforeseen tax implications are avoided.
Interests in possession
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