Autumn Statement Update
The Chancellor, George Osborne, delivered the 2013 Autumn Statement yesterday with the aim of improving public finances, supporting families, helping businesses to grow and assisting young people to succeed.
A further attack on Trusts...?
Rumours are surfacing that the Autumn Statement will see the introduction of new rules governing the inheritance tax regime that applies to trusts. The move is apparently driven by the desire to ease the administrative burden of trustees, but the Treasury may also take this opportunity to close some gaps in the existing legislation and increase the tax take.