Just a thought …
29th November 2007
In the current political climate in the UK, in which it might be thought that this Labour government might not be in power to pass another Finance Act, what do you advise your client about relying on there ever being a transferable nil rate band? Do you say that a trust is still advisable until the ink is dry on the statute?
Update: See the guidelines that have been published by STEP. A post about them can be found at http://ladat.co.uk/2008/01/10/142/