You may think that having a Trust for your adult kids is a very sensible thing to do, indeed what could possibly go wrong? But the truth is that there are a number of potential tax pitfalls when parents transfer investment property into a discretionary trust for their adult children. Tax Expert Brona MacDougall takes...

Mrs A is the executor of her mother’s estate. Some valuable items were left to her and her sister. She wants to sell several of these to pay debts of the estate. Will there be any tax and if so, who is responsible for it? Family tax expert Brona MacDougall provides the answers. Administering an...

As a global association for practitioners who specialise in family inheritance and succession planning, JRW Tax Manager Brona MacDougall is now a Trust and Estate Practitioner or ‘TEP’ in the Borders, the designation given to full members of STEP. STEP members help families plan for their futures and as specialists in inheritance and succession planning,...