Tailor-made for tax practitioners, Tax Advisers' Guide to Trusts demystifies the complex subject of trusts in the UK 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 modernization of UK trusts legislation contained in the latest Finance Act, the UK's HM Revenue & Customs (HMRC), recent guidance on trust management expenses, developments on the settlement provisions arising from the Arctic Systems case, and other key case law.