We have put together useful information sheets on the following issues:

The Finance (No 2) Bill ('the Bill'), with its far-reaching changes to the inheritance tax treatment of trusts, finally became law as the Finance Act 2006 ('the Act') on 19th July 2006. As the Bill has passed through the Parliamentary process, schedule 20 of the Bill, dealing with trust taxation, and initially 18 pages long, has swollen to over 30 pages. This is partly an indication of the controversy which has surrounded the proposed reforms, which were announced on Budget Day, 22 March 2006. The Government has been forced to alter some of the provisions which it had originally proposed. These alterations are reflected in amendments made at the Standing Committee and later on at the Report Stages of the Bill as it progressed through Parliament. >>more>>

Please contact Bart Peerless, Stephen Pallister or Catriona Syed if you need any information.

If you require further information on any of these subjects, please contact the named contact on the bottom of each sheet.