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ALLISON PLAGER scans the 19th, 20th and 21st sittings of the Standing Committee.
TRUSTS, TRUSTS AND more trusts: who would have thought that a couple of Budget press releases, containing information that Gordon Brown considered not worth mentioning in his Budget speech, could cause so much trouble? But they certainly have. A healthy part of the 19th sitting was covered in Richard Curtis's article 'Too much, too young', Taxation, 21 September, but some discussion on insurance policies remained.
ALLISON PLAGER scans the 19th 20th and 21st sittings of the Standing Committee.
TRUSTS TRUSTS AND more trusts: who would have thought that a couple of Budget press releases containing information that Gordon Brown considered not worth mentioning in his Budget speech could cause so much trouble? But they certainly have. A healthy part of the 19th sitting was covered in Richard Curtis's article 'Too much too young' Taxation 21 September but some discussion on insurance policies remained.
In essence Dawn Primarolo proposed various amendments relating to life assurance policies put into trust before Budget day and whether or not Sch 20 would affect them. She said that the Finance Bill made clear that such policies were not affected and that HMRC guidance; said these policies were unaffected because 'they used so-called bare trusts whose treatment has not changed ...
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