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Technical articles | 01 Jun 2008
Venture capital trusts (VCTs) look very tax efficient, but their performance generally looks less than sparkling:
Technical articles | 01 Nov 2007
The nil rate band discretionary will trust still has a role.
Technical articles | 01 Jul 2007
HMRC has issued draft proposals for raising the reporting limits of chargeable lifetime transfers and exempting trusts from delivering accounts for chargeable events on which no tax arises. Discounted gifts schemes arranged after 5 April 2007 with gross investments of up to £210,000 would n...
Technical articles | 01 Apr 2007
HMRC has announced that "In the light of the further advice that we have received, [we] can now confirm that we consider that an absolute trust for a minor is not a settlement for IHT purposes". HMRC explains that the discretion given to trustees of bare trusts under section 31 of the Trust...
Syllabuses | 01 Sep 2006
CII syllabus for G10 Taxation and trusts 2006
Technical articles | 01 Sep 2006
The position following the enactment of Finance Act 2006.  Section 156 and Schedule 20 Finance Act 2006 introduce new inheritance tax rules for trusts which that were first announced in the Budget on 22 March 2006.  The radical proposals stimulated a great deal of concern and deba...
Technical articles | 01 Sep 2006
Under the Finance Act 2006, a settlement for a minor child creates a settlor-interested settlement for CGT purposes (as well as income tax, which was always the case). The result is that the settlor is liable for capital gains tax, not the trust. However, this rule change only applies to se...
Technical articles | 01 Sep 2006
The well-publicised inheritance tax (IHT) and capital gains tax (CGT) changes to trust taxation in schedule 20 of the Finance Act 2006 have a substantial impact on the products used by our profession. This is a brief note of some of the areas to be considered.
Technical articles | 01 Aug 2006
Robin Ali considers the impact of a landmark ruling affecting the inheritance tax position of landowners for financial advisers working in IHT and estate planning.  Many readers will know the basis under which owners of agricultural property may receive relief against inheritance tax (...

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