Make arrangements to keep your gifts in order

Planning post-Finance Act 2006 may well require the use of a number of different products and more frequent gifting from a much younger age. Gifts of up to the inheritance tax (IHT) nil rate band (currently £285,000) every seven years into trust, for example, should now be considered for clients as young as 40. When looking at IHT planning, advisers will have to consider the client's overall assets, their history of previous gifts and the order in which they establish any new IHT planning structures. pets Bare trusts have emerged as one solution post-Budget because gifts into such trus...