Tories to block Finance Bill over trusts

Following a private meeting last Wednesday between tax specialists, key professional interest groups and the Conservative Treasury team, the Conservative Party have come forward with three areas they want changed. The Party plans to propose amendments to the Bill, opposing the IHT changes to trusts, because: The changes are retrospective, and hit those people who have been saving assuming a certain tax structure, suggesting it would be less iniquitous if the proposals simply looked to the future The changes are based on a fundamental misunderstanding of what trusts are actually used ...