Tailor-made for tax practitioners, "Tax Advisers' Guide to Trusts" demystifies the complex subject of trusts and explains the tax rules and the way in which trusts can be used in practice as a flexible and effective means of wealth accumulation and protection in an uncertain world. Examples and case studies are used throughout, to supplement and illustrate the text. This fourth edition has been updated to take account of the modernisation of trusts legislation contained in Finance Act 2006; HMRC's guidance on trust management expenses; developments on the settlement provisions arising from the Arctic Systems case; and, other key case law. It will be up-to-date to Finance Act.