We'd often recommend the use of trusts for Inheritance Tax planning. I still would, even if the tax advantages are being curtailed, because there will still be some advantages.
Inheritance tax planning for all but the UK’s super-rich will become much harder under HM Revenue & Customs plans to curb the use of trusts, advisers say. The Revenue is consulting on proposals to “ensure fairness in the system” by stopping people setting up multiple small trusts to cut their inheritance tax bills. Advisers say the plans are likely to be adopted.