Daily Telegraph: Hundreds of thousands of people who established trusts as a way of limiting inheritance tax liabilities will have to hurriedly re-arrange their affairs – or risk losing out on a valuable new tax perk. Lawyers warn there is a “ticking time bomb” which could see families miss out the new “family home allowance” which could save thousands of pounds in death duties.
Full story: http://www.telegraph.co.uk/tax/inheritance/inheritance-tax-trap-100000-families-wont-get-new-tax-break/