.png)
.png)
Longmark Tax Conferences Ltd, 13 June 2008. Reported by MARK McLAUGHLIN
SPEAKERS QUOTED
- Alun James – barrister Temple Tax Chambers
- Emma Chamberlain – barrister 5 Stone Buildings
- Michael Sherry – barrister Temple Tax Chambers
- Tim Beresford – partner Davis Langdon Crosher & James
- Peter Rayney – partner BDO Stoy Hayward LLP
Pilot trusts
A pilot trust is one established with a nominal sum (typically £10) with the intention that substantial assets will be added later.
Emma Chamberlain suggested that the effect of changes in FA 2006 is that the use of such trusts is likely to become a more widespread part of inheritance tax efficient will planning. When a will establishes two or more settlements they will normally be ‘related settlements’ within IHTA 1984 s 62.
However there is an exception if one of the settlements...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
