Three things your clients may call you about this week …

IHT trap: more than 100,000 families won't get the new tax break Hundreds of thousands of people who established trusts as a way of limiting inheritance tax (IHT) liabilities risk losing out on "a valuable new tax perk" unless they "hurriedly rearrange their affairs", this Telegraph article warns. The "ticking time bomb", the piece explains, is that - until recently - well-off families have been encouraged by financial advisers and solicitors to use discretionary trusts to pass on property to their children. However, it goes on: "From 6 April this year, the new ‘main resident nil-rate ...