Trusts and Estates

The making of lifetime gifts usually has a part to play when considering an IHT mitigation strategy. The ideal is of course to make an outright gift, after which the donor survives for at least seven years. The potentially exempt transfer (PET)..

Taper relief provided substantial relief from CGT for gains arising on the disposal of business assets. The maximum rate of business asset taper relief required only two years ownership of the relevant asset to obtain the maximum rate of business..

Modern wills and trust deeds invariably confer wide powers, and discretions upon the trustees. Some clients may cavil at the length of the documentation, and some academics may question whether trustees should be freed so completely from the..

The pre-Budget report on 9 December was something of a disappointment. Readers who frequent the Bingo hall, or are considering the replacement of an ancient heating or hot water system, may be grateful to the Chancellor. Otherwise leaving of tax..