No news is good news for IHT mitigation

In fact, quite the reverse in that our Darling has extended the transitional period for changes to pre-March 2006 trusts until 5th October. Combined with other recent announcements and rulings this leaves IFAs with clear messages to get across to their clients: Trust-based IHT plans can be used to genuinely reduce IHT liabilities. A recent ruling by Special Commissioners legitimised both the principles of such schemes and the effectiveness of discounts for all ages. The sooner each taxpayer starts the seven year clock the better – start today! Older taxpayers with large I...