Families could lose out on IHT break

The Telegraph reports that many people who established trusts as a way of limiting IHT liabilities risk losing out on a valuable new tax perk unless they rearrange their affairs. From 6 April, the new “main resident nil-rate band” for IHT takes effect, and trusts are explicitly excluded. It has been estimated that hundreds of thousands of people could miss out on the expanded allowance unless they dismantle trust arrangements.

http://www.telegraph.co.uk/tax/inheritance/does-new-inheritance-tax-perk-work/