The latest edition of the Trusts & Estates newsletter compiled by HMRC for trusts and estates practitioners is now available.

Featured in this edition are stories on the 36% reduced rate of inheritance tax which applies where the deceased leaves at least 10% of their net estate to charity and how this could affect instruments of variation. The newsletter also advises that HMRC's guidance on the Pre-Owned assets charge has been expanded and provides links to the new guidance. Practical aspects of completing the relevant 2011/12 SA returns for Trusts and Estates are also included.

For the current edition go to http://www.hmrc.gov.uk/cto/newsletter-apr12.pdf Archived editions are available at http://www.hmrc.gov.uk/cto/ newsletter.htm