Over 90% of IFAs have got to grips with IHT on trusts

A survey of 200 advisers reveals 28% believe they have a good understanding of the new rules, while 64% claim to have at least some understanding of the changes announced in the March budget. The changes, which apply to new trusts created since 22 March and to older trusts from 6 April 2008, mainly affect interest in possession (IIP) trusts and effectively mean any assets will be subject to chargeable gains when paid to the beneficiary. But despite the uncertainty surrounding the exact charges and who would be affected, Friends Provident says its research reveals 53% of IFAs are now con...