Changes to the Association Rules

With effect from 1 April 2009, the Association Rules will change with the biggest effect being seen in the rules affecting property.  Where associations have been 'broken' by the use of structures such as trusts, these may not be effective after 31 March 2009.  For clients involved in property development, land dealing or building, or for those who are associated with such clients, a review of your structures, projects and overall taxation is highly recommended.