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Personal Finance Society
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01 Jun 2012
This session identifies the growing market for IHT and asset protection planning and the solutions for the baby boomers who now own 80% of the UK wealth. 
Technical articles | 31 May 2012
In the first article in this series on business succession planning I stated that where a business has more than one owner the most appropriate vehicle, (but not necessarily the only one), to achieve a smooth and tax-efficient business succession is the business trust arrangement.
Technical articles | 02 May 2012
Last month, in the article on the variation of trusts, we touched on the subject of inheritance tax planning on behalf of a disabled person. In the case re JDS, Smyth v JDS (2012) (COP10334473) the Court of Protection decided that a gift into trust by an individual (proposed by the deputy a...
Technical articles | 01 Apr 2012
Last month we looked at some general principles of how and when it is possible to change the terms of a trust. We mentioned that in the last year we have had a number of decisions on this very subject, in particular the Courts looking at the question "what is for the benefit of the benefici...
News items | 01 Apr 2012
Taxation and Trusts You should be aware of the following: HMRC decides smartphones can be treated as mobile phones  Until now it has been unclear whether the new generation of smartphones, such as i-Phones and Android phones, are to be treated as mobile phones, personal digital...
Technical articles | 01 Mar 2012
It is well known that for a trust to be effective for all tax purposes it must be irrevocable. This means that once the trust deed is made, the trust terms cannot be changed, except with the approval of the Court. So in what circumstances is the Court likely to agree to vary a trust? It so ...
Technical articles | 01 Jan 2012
One of the main reasons for using trusts is to provide for individuals who cannot look after their affairs themselves. These fall into two categories, the first being children and the second disabled individuals. We have previously dealt with the subject of trusts for children. This month we ...
News items | 01 Dec 2011
Taxation and Trusts You should be aware of the following:
Technical articles | 01 Dec 2011
Prior to the introduction of the transferable nil rate band in October 2007, the standard inheritance tax (IHT) planning advice for a husband and wife with sizeable assets was to encourage them to both make arrangements, via their Wills, to use their IHT nil rate band (NRB) on the first dea...

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