Carolyn Steppler

CAROLYN STEPPLER examines practical considerations when taking advantage of the new business investment relief for non-domiciled individuals

CAROLYN STEPPLER takes a practical look at inheritance tax charges on an accumulation and maintenance trust under the new rules.

WIDE RANGING CHANGES to the inheritance tax regime for trusts were introduced by Finance Act 2006. While existing interest in possession trusts may be grandfathered, this is not the case automatically for accumulation and maintenance trusts. Any A&M trust in existence which does not provide that beneficiaries become entitled to income and capital at 18 will fall within the new rules from 6 April 2008.

What do the changes to the legislation on the transfer of assets abroad mean for practitioners, asks CAROLYN STEPPLER of KPMG.