Trusts and Estates

During 2013, Government consulted on two proposed changes to the taxation of partnerships. One change would result in salaried members of Limited Liability Partnerships being treated as employees for income tax purposes. The other change would apply..

It has already been noted in “Topic of the month” that Government is having further if not second thoughts about the proposals to charge tax on ten year anniversaries and when property leaves the settlement at a rate calculated with the..

The most effective way of saving IHT is to make an outright gift of property, as a potentially exempt transfer (PET) and survive the making of the gift by seven years so that the PET becomes a completely exempt transfer. However, to be effective in..

Much of the Autumn Statement delivered by the Chancellor on 5th December 2013 was taken up by a discussion of general economic policy rather than tax charges likely to impact directly upon trustees, or the administration of a deceased’s..