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Technical articles | 01 Apr 2011
A well-known inheritance tax planning route for persons who are placing assets that will or are likely to have substantial future value in trust is to use "Rysaffe planning". This planning takes its name from the Court decision in the Rysaffe case which, in broad terms, found that even if t...
Technical articles | 01 Apr 2011
The spring brings with it the annual Budget and the new tax year and so it is the right time to review the latest developments in the area of trusts. Whilst there has been nothing new for trustees in the March 2011 Budget, there have been a number of recent interesting developments in this ...
Technical articles | 01 Jan 2011
February and March are key planning months to maximise the use of an individual's allowances, reliefs and exemptions for the current tax year, especially as some will be lost if not used before the tax year end. Technical Connection's John Woolley provides hints on strategy...
Technical articles | 01 Oct 2010
Last month we looked at the structure, operation, advantages and disadvantages of Discounted Gift Trusts. This month we turn our attention to Loan Trusts. Also, at the end of this article, we look at the scope for lump sum IHT schemes to be subject to the Disclosure of Tax Avoidance Schemes...
Technical articles | 01 Sep 2010
In this third and last part of a series revising the fundamentals of trusts we look at the discretionary trust and its current place in financial planning.
Technical articles | 01 Sep 2010
In last month's edition, we looked at the improved scope for inheritance tax planning following confirmation that (i) an increase in the nil rate band to £1 million will not now take place and (ii) the nil rate band will remain at £325,000 until 5 April 2015.
Technical articles | 01 Aug 2010
In this second part of a series revising the fundamentals of trusts we look at the interest in possession trust and its current place in financial planning.
Technical articles | 01 Jul 2010
In the June 2010 Newsletter for Trusts and Estates Practitioners HMRC Inheritance Tax and Trusts claim that, following a small review conducted within its division, they concluded that over 80% of tax returns completed for "bare trusts" were found not to be for bare trusts.
Technical articles | 01 Jun 2010
Lifetime pilot trusts have become more popular since the 2006 changes to the tax treatment of trusts. Are there any issues to consider when leaving assets in your Will to a lifetime trust?

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