Article by Dr Colin Masters

A recent UK tax decision involving a trust and what the Inland Revenue claimed was a reservation of benefit in an asset caused a flurry of excitement in the media over tax planning to mitigate Inheritance Tax.

The case shows the need to comply with one of the 'certainties' in trust formation that is the need to completely constitute a trust.

The full text of this article can be obtained from the publishers. Articles are provided either as back copies of the relevant issue of the journal containing the article or as photocopies of the issue concerned (depending on availability). A charge of £25 (prepaid, including postage) is made for each issue supplied.