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The taxation of trusts has undergone significant change, with reforms to inheritance tax, the abolition of the remittance basis and changes affecting offshore settlements. This session examines the changes of 2025 and 2026 in trust taxation, their practical implications and the issues advisers should be considering when reviewing existing structures and advising trustees and beneficiaries.

In this session Victoria Baguley-Wood will cover the following topics:

• Overview of the changing tax landscape for trusts, including the 2026 Budget
• IHT developments: long-term residence, excluded property and relevant property charges
• CGT developments: offshore trusts, capital payments and beneficiary taxation
• Income tax developments: settlements, distributions and the post-remittance-basis regime
• Practical challenges, HMRC scrutiny and worked examples

By attending this session, delegates will gain an understanding of recent developments in the taxation of trusts, including changes to the inheritance tax, capital gains tax and income tax regimes. Delegates will be better equipped to identify the practical implications of these developments for trustees, settlors and beneficiaries, recognise common pitfalls and areas of tax risk, and advise clients on the key considerations and planning opportunities arising from the evolving tax landscape.

This session will be of interest to, tax advisers, trustees, private client advisers, private clients.

Course level: Intermediate / Advanced