X settled an accumulation and maintenance trust prior to 2006. No changes have been made to the terms of the trust since its settlement. How will the trust be treated for inheritance tax purposes?

Harriet is qualified to practice in England and Wales and Jersey. She has rights of audience before all courts in both jurisdictions. Harriet advises taxpayers in relation to UK tax matters. She advises on all direct tax matters for private and corporate clients as well as in the context of trusts and estates, and on indirect tax matters. In addition to advising extensively on traditional private client matters, Harriet has a particular interest in international matters such as double tax treaties, TIEAs, disclosure facilities and conflict of laws issues arising in a tax context. Harriet also has extensive experience of resolving disputes with HMRC in both direct and indirect tax matters. Her approach is always to give detailed and practical advice from the initial enquiry through to any tribunal hearing. She offers a full service, particularly advising on the conduct and settling of tax enquiries, which often results in a favourable conclusion at an early stage. She can advise and act in all forms of alternative dispute resolution with HMRC, as well as in traditional litigation.