The government has changed the taxation of trusts which particularly impacts the future use of pilot trusts. Pilot trusts are used for all types of planning and are usually flexible, discretionary trusts that lay dormant until further funds are added. Generally, a settlor establishes a number of pilot trusts and...
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Monthly Archives: March 2015
2015 Budget: Unnecessary Assault on Deeds of Variation?
Posted in: News | , by AshtonGrace
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In the March 2015 Budget address, Chancellor George Osbourne announced there would be a review on the rules of deeds of variation. A report on the findings of the review are to be published this autumn. Deeds of variation must be made within two years of the death of the...
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