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Why might a trust be of benefit?

There are many reasons and many circumstances where a trust might be of benefit. It is a relationship in which one or more people (the trustees) holds and manages assets for the benefit of one or more other people (the …

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Office of Tax Simplification publishes recommendations to simplify inheritance tax

While these amendments do not go so far as to shake the foundations of the tax itself, nevertheless the proposals would require all practitioners to come to terms with the amendment of a number of rules that have stood firm …

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Trusts for business owners

For clients who own trading businesses, trusts can be useful succession and tax planning vehicles to ensure the preservation of our clients’ wealth.  For example, it may be possible to transfer shares in a business into a trust free from …

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Trusts for future generations

Where clients wish to provide for their children and grandchildren (e.g. for the provision of school fees), it can be prudent to create a trust of up to the available inheritance tax allowance (known as the nil rate band). There …

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Peter Daniel

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Q&A: My father has left his home to me and my siblings. What will it cost to buy out my siblings?

Stamp duty land tax (SDLT) will most likely be payable if you buy out your siblings’ shares of your father’s property. For example, if the home is worth £1m and your siblings’ shares total £750,000, the liability would be £27,500. …

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John Saner

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Roger Woolfe

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Charlie Fowler

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Aidan Grant

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