Trust tax reform

In the autumn Budget in November 2017 the chancellor of the exchequer Philip Hammond announced the government’s commitment to consult on ‘how to make the taxation of trusts simpler, fairer and more transparent’. A couple of months later, in January 2018, he asked the Office of Tax Simplification (OTS) to carry out a review of the administrative and broader technical aspects of inheritance tax.

Judith Millar, Partner in our private wealth team, discusses this in an article for Taxation.

The full article is available, here.