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Reported by MIKE TRUMAN
Speakers quoted:
- Robert Jamieson partner Mercer & Hole
- Tony McClenaghan head of indirect tax Deloitte
- Mark Morton senior tax lecturer Mercia Training
- Chris Jones head of tax training LexisNexis Butterworths
- John Cooper freelance lecturer
- Tim Good founder and chairman of PTP Group
Robert Jamieson highlighted two situations where the new trust rules will create potentially significant IHT charges where there would have been none under the previous rules:
- a lifetime transfer to an interest in possession trust for a spouse (where there will be no s 18 relief because the assets are no longer part of the spouse's estate); and
- a transfer into an interest in possession trust for oneself.
Robert Jamieson said that assigning existing...
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