Trusts and Estates

It is some time since the Appellate Courts decided that the decision in re Hastings-Bass [1974] STC 211, which enabled trustees, effectively, to cancel a transaction on the ground that it resulted in an unexpected tax liability had been applied too..

The discretionary Will trust can offer IHT planning advantages. Under s144 IHT Act 1984, a distribution made by the trustees within two years of the testator’s death can be treated for Inheritance Tax (IHT) purposes if made by the Will. This..

The additional residence nil-rate band will start becoming available from April 2017. The pre-requisites are that a deceased should have owned an interest in a house or other dwelling, in which he lived, and that it should pass to his direct..