STEP England and Wales Briefing Notes
STEP England and Wales Briefing Notes have been developed by
the UK Practice Committee to make members aware of recent
developments that might affect them and clarify any issues where
there has been confusion amongst the profession.
With effect from 6 April 2010 the Finance Act 2009 increased the trust rate to 50% from 40% and the dividend trust rate from 32.5% to 42.5%. This STEP briefing note looks at the implications for practitioners.
The Perpetuities & Accumulations Act 2009 came into force on 6 April 2010. It simplifies the rules against perpetuities and accumulations of income and will make drafting wills and trusts easier.
This STEP Briefing Note sets out some issues to consider when a personal representative hires a genealogist to find heirs.
This STEP Briefing Note looks into current issues around Instruments of Variation.