Trusts and Succession Law

At Autumn Budget 2024, the government announced several reforms to agricultural property relief and business property relief from Inheritance Tax, including a £1 million allowance which will apply to the combined value of property that qualifies for 100% business property relief or 100% agricultural property relief or both.

The consultation document invites views on how the changes will apply to property settled into trust.

• Find out more about the consultation on the UK Government website
• Read our response

The Scottish Government issued a consultation on proposals relating to unlawful killers as executors to victims' estates.

• Read our response (September 2023).

HMRC held a consultation seeking views on proposals to formalise and extend a concession that removes trusts and estates from Income Tax where the only source of income is savings interest and the tax liability is below £100.

• View the consultation on the UK Government website
• Read our response

The Scottish Government has issued a consultation on intestacy and how an estate should be split where there are both a surviving spouse/civil partner and children.

• View the consultation on the Scottish Government website
• The Law Society of Scotland's response (May 2019)