From: "stuart noble" 
Newsgroups: uk.finance
Subject: Re: gift with reservation?
Date: Mon, 17 May 2004 11:14:48 +0100


john boyle wrote in message ...
>In message <2gpf2aF535deU1@uni-berlin.de>, stuart noble
> writes
>>Reading between the lines, discretionary trusts are the only avoidance
>>schemes likely to escape Gordon's new powers of retrospective doubt
>
>Why do you single out 'discretionary' trusts?

IIRC the govt says it has no intention of interfering with discretionary
trusts, which rather sounds like the others are for the chop eventually.

 >If created in lifetime
>they attract IHT at the outset and then a periodic charge to IHT during
>their existence. So you get caught in any event.

Half caught @ 20%, then 6% every 10 years. I have no idea what happens
taxwise if they're written into the will.