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Excluded property trusts

Where a person who is non-UK domiciled (for inheritance tax purposes) establishes a (normally discretionary) trust and that trust invests in non-UK situs property, under current law the trust will be outside the IHT net forever – even if the settlor later becomes UK domiciled for IHT purposes. This is what is known as an excluded property trust and the trust will not be subject to IHT even if the settlor is a potential beneficiary. Labour may well change the rules on domicile in the future (see below) and non-UK domiciled people who are currently resident in the UK may therefore be very interested in establishing such a trust before any possible changes. As such a trust must invest in non-UK situs assets to achieve excluded property status, offshore capital investment bonds or offshore roll-up funds can be ideal investments both from a tax standpoint and as a means of minimising trust administration.


ScotProv mortgage manager wins case at tribunal

An employment tribunal has found Abbey National guilty of acting unfairly to a Scottish Provident consultant in the way it integrated ScotProv&#39s sales team into Scottish Mutual.A string of other claims against Abbey are under way with six more long-serving ScotProv consultants claiming their incomes were slashed when all their best IFAs were taken off […]

Fund firms and life offices fear baby bond ban

The Treasury is playing down fears that fund firms and life offices could be barred from offering child trust funds, saying a decision has yet to be taken over providers.In his pre-Budget statement last week, Chancellor Gordon Brown confirmed the Treasury would press ahead with the funds, branded as baby bonds by providers, but indicated […]

Crash Bland

The Diary hears that those folks at the Henley office of Invesco Perpetual are being a bit mean to one of their PR colleagues. A certain Jane Bland has been adopted as a housing market barometer by the fund managers.Bland, who has been seeking a property somewhere in the Henley area while watching the market […]

Nasdaq Stock Market – Nasdaq 100 European Tracker (EQQQ)

Tuesday, 3 December 2002 Type: Exchange traded fund Aim: Growth by tracking the Nasdaq 100 index Minimum investment: Subject to negotiation with stockbroker Maximum investment: No maximum Investment split: 100% tracking the Nasdaq 100 index Place of registration: Dublin Isa link: Yes Pep transfers: Yes Charges: Annual 0.2% Commission: Subject to negotiation Contact:


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