News: December 2014

Pilot trusts post the Finance Bill 2015

18 December 2014

One of the bigger surprises in this year’s Autumn Statement was the news that the much consulted upon new ‘Settlement Nil Rate Band’ has been dropped. One of the reasons for proposing a Settlement Nil Rate Band was to make the use of multiple trusts less attractive for Inheritance Tax (IHT) mitigation purposes. Each trust […]

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CGT Principal Residence Relief update

4 December 2014

My 24 April 2014 blog reported that buried within the Government’s March 2014 consultation on extending Capital Gains Tax (CGT) to non UK residents was a change to CGT Principal Residence Relief (PRR) affecting UK residents. Last week, the Government published its response to the consultation and confirmed that PRR is set to change. The […]

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