Case study - a comparison between discretionary and absolute trusts
The differences and the pros and cons of using discretionary and absolute trusts. Trusts can be used to mitigate inheritance tax (IHT), to protect vulnerable beneficiaries and to provide future generations with a legacy. Most types of trust have the option of using either an absolute version or a discretionary version
Discounted Gift Trusts - what you need to know
The ability to make a lifetime gift that is effective for inheritance tax while retaining access to a regular flow of capital payments by using a Discounted Gift Trust
Upper Tax Tribunal reject protective costs order in appeal against £400k inheritance tax charge
A case in which the Upper Tax Tribunal rejected the estate executors' request for a protective costs order in their appeal against a £400k inheritance tax (IHT) charge on the estate, due to arrangements entered into by Mr Peter Linington in 2010 to reduce the amount of IHT that would be payable on his death
Family investment companies (FICs)
Corporate investment by SMEs and FICs as a trust alternative in IHT planning and as a potentially tax effective home for investment