Taming IHT: The relevant property regime and ...
Neil Macleod explores IHT, discretionary trusts and the relevant property regime in his latest article for Professional Adviser...
www.professionaladviser.comI don’t have live access to current news in this turn, but I can summarize how discretionary trusts have been treated recently and point you to where to find the latest updates.
Core idea
- Discretionary trusts are often scrutinized for tax planning, especially around inheritance/tax on gifts and distributions. Recent discussions in various jurisdictions have looked at tightening anti-avoidance rules and adjusting tax regimes to ensure fair treatment between wage earners and investment income.
Where to look for the latest
- Government and tax authority publications in your jurisdiction (HMRC in the UK, ATO in Australia, etc.) for any announced reforms or consultations.
- Major financial news outlets and professional advisories frequently publish updates on changes to IHT regimes, trust taxation, and anti-avoidance measures.
- Law societies and professional bodies often provide briefings or summaries when new rules are proposed or enacted.
If you’d like, I can:
- Narrow to a specific country (e.g., UK, Australia, Ireland) and pull the latest official notices or reputable coverage.
- Create a concise brief listing any recent proposed changes, effective dates, and who is affected.
- Compile a quick Q&A with common questions about discretionary trusts under the latest regime.
Please tell me which jurisdiction you care about and whether you want a plain-language summary, a bullet-point brief, or a side-by-side comparison table. I’ll include up-to-date citations.