Financial Times FT.com

Brown to tone down trust tax proposals

By Lucy Warwick-Ching and Charles Batchelor

Published: April 6 2006 22:16 | Last updated: April 6 2006 22:16

Families of people who die intestate will be spared the consequences of Gordon Brown’s trust tax proposals, following a Treasury announcement designed to defuse the growing row over its plans.

The Treasury said the finance bill, published onFriday, would make clear that relatives of those who die without a will would not be caught out by the measures to introduce tax charges for trusts with assets above the basic inheritance level.

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