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Finance (No. 2) Bill

Earlier, the right hon. Gentleman quoted from the explanatory notes to clause 157. If he read on—I am sure that he did—he would realise that they continued:"““So far as new trusts are concerned… it continues the current special treatment for ‘interest-in-possession’ trusts created on intestacy and straightforward interest in possession trusts created by will; and for ‘accumulation and maintenance trusts’ to trusts created on the death of a parent where beneficiaries will take the trust assets at age 18.””" Although the right hon. Gentleman may argue—incorrectly, in my view—that the Government are attacking specific groups, he is wrong about the recently bereaved.