Taxing time for trusts
Tags: BUDGET; INHERITANCE & transfer tax; BROWN, Gordon, 1951-; PRIME ministers; GUIDELINES; TRUSTS & trustees
Related Articles
- Out of the ordinary. Verity, Andrew // Money Marketing;4/27/2006, p41
The article comments on the negative implications of Chancellor Gordon Brown's imposition of changes to trust taxation on lifetime trusts in Great Britain. Under the Budget changes, when new lifetime trusts are created, a new 20 percent tax will be levied immediately on the amount over the...
- Brown's short-term study. Cicutti, Nic // Money Marketing;3/30/2006, p36
The article comments on Great Britain Chancellor Gordon Brown's budget proposal. It then focuses on the child trust funds and the funds allocated for shared-equity schemes. It goes on to discuss the issues facing pensioners including their council tax bills. It also focuses on the rising...
- Review IHT plans after clampdown. Shirley, Andrew // Farmers Weekly;8/4/2006, Vol. 145 Issue 5, p27
The article reports on the views of accountant Mike Harrison, who is also a partner at Saffery Champness, advising farmers to review their inheritance tax planning following the reform on trusts initiated by British Chancellor of Exchequer Gordon Brown. Assets above the �285,000 inheritance...
- �Revenue said Brown's IHT shock was crazy�. Lappin, John // Money Marketing;5/18/2006, p1
The article focuses on the criticisms in the inheritance tax trusts of Gordon Brown by the Revenue in Great Britain. According to the Shadow Chancellor George Osborne, the Revenue criticized Browns trusts as "crazy changes," since these has been foreseen to cost hundreds of millions of pounds...
- Life policyholders facing penalty in IHT crackdown. // Money Marketing;4/8/2004, p18
Reports that life insurance policyholders in Great Britain with money held in trusts could be penalized by the Chancellor's latest measures to toughen up on inheritance tax avoidance. Gordon Brown's 2004 Budget; Tighter restrictions for investors using complex double-trust schemes to avoid...
- 'Brown would cause even more damage as PM'. York, Nicola // Money Marketing;4/20/2006, p10
The reports on the opinions received by Chancellor Gordon Brown from commentators in the financial services industry after a shock shake-up of inheritance tax trust rules in the March 2006 budget. Skipton Financial Services managing director Simon Holt said that Brown's changes to legislation...
- Accountancy firm calls for IHT rethink. // Mortgage Strategy;3/12/2007, p23
The article reports on the call for British Chancellor Gordon Brown to raise the Inheritance Tax (IHT) threshold in his final Budget by BDO Stoy Hayward, part of BDO International. Hayward warns that the tax threshold has not kept up with spectacular house price inflation which has made IHT...
- Brown's night of the long knives. // Money Marketing;4/20/2006, p18
The article reports on the propositions of Gordon Brown for inheritance tax changes on trusts in middle England. The move has drawn much criticism was considered by many as unjustifiable. A system of consultation has been going on over the last few years concerning the capital gains tax and...
- IHT advice back on track. Lappin, John // Money Marketing;4/20/2006, p12
The article reports on the signal given by Threesixty Services to its advisers to resume inheritance tax planning after a clarification of Chancellor Gordon Brown's Budget clamp-down on trusts in Great Britain. Despite the authorization, the firm still warned the advisers that many parents may...
