Welcome, all, to the April edition of the STEP Journal. Our focus this time around is on family businesses and, in particular, the great many challenges and corresponding opportunities that such enterprises offer. 

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Table of contents


Web exclusive
Beneficial ownership registers and automatic exchange of beneficial ownership information.
Professional Development
Problem PETs
Amanda Edwards discusses the regime for potentially exempt transfers by life tenants and notes that, in some cases, the primary liability for inheritance tax lies with the trustees..
Issue Focus
To be effective, family business ownership policies must reflect the family’s attitude to four key questions, notes Ken McCracken.

Special Feature
Claire Blakemore asks if it is possible to ‘nuptialise’ or ‘denuptialise’ a trust, in light of two recent cases of the family courts in England and Wales.

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