Private Client Partner, Ann Stanyer, comments on the Autumn 2017 Budget in eprivateclient
23 / 11 / 2017
Following the release of the Chancellor’s ‘largely uncontroversial’ Autumn 2017 Budget, Private Client Partner, Ann Stanyer, has given her insight on the likelihood of reforms to the taxation of trusts to eprivateclient.
She states, “it is difficult to know” whether the 2018 consultation is “aimed at making a positive change for trusts, or simply to raise more tax” adding, “We have of course been here before, with major changes to the taxation of trusts being introduced in 2006, so it is unlikely that a major tax overhaul will be proposed. However, the inheritance tax regime for trusts is particularly complex and reforms are arguably long over-due.”
Read the full article on the eprivateclient website now.