Hi all. Has anyone heard anything further since the above legislation? FA2016 gave the Treasury powers to regulate for ISAs to maintain their tax-advantaged status following the death of the account holder, but was going to apply after "further consultation and amendment to the ISA regulations".
I have two clients who have relatives who died in August 2016 and March 2017 respectively, both holding ISAs at the date of death, so this could potentially impact the taxable income in the administration periods following the deaths. However, I am struggling to find any further updates.
Any help/pointers in the right direction would be much appreciated.