Financial Times FT.com

Brown to tone down trust tax proposals

By Lucy Warwick-Ching and Charles Batchelor

Published: April 7 2006 03:00 | Last updated: April 7 2006 03:00

Families of people who dieintestate will be spared the consequences of Gordon Brown's trust tax proposals, following a Treasury announcement aimed at defusing the growing row over its plans.

The Treasury said the finance bill, published today, 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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