Trusts and Inheritance Tax Guidance

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Trusts and Inheritance Tax

This section provides comprehensive advice on private client matters. For practitioners unfamiliar with this specialist area, it explains complex concepts in plain language. For the specialist private client practitioner, it goes beyond the summary of legislation found in other tax publications, and provides practical guidance on the effect of the law.
Featured Articles
Latest Guidance
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12 Mar 2020

Time for payment Two statutory rules apply on death tax is due six months after the end of the month of death and carries interest from the due date...

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12 Mar 2020

Non residents liability for CGT With effect from 6 April 2019 a person who is not UK resident for a tax year is chargeable to capital gains tax on...

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12 Mar 2020

This guidance note looks at practical considerations in taking on a trust client In acting for a trust tax practitioners may find themselves in the...

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8 Aug 2019

IntroductionThere has been a long-standing exemption from inheritance tax (and earlier versions of death duties) for the estates of armed forces...

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28 Jun 2019

What is a trust for a bereaved minor?The special category of ‘Trusts for bereaved minors’ (TBM) was introduced by Finance Act 2006 to provide IHT...

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28 Jun 2019

IntroductionFinance Act 2013 introduced harmonising amendments to all the qualifying conditions for trusts for disabled persons and other vulnerable...

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28 Jun 2019

BeneficiariesThe personal representatives will have identified the beneficiaries of the estate at an early stage. See the Introduction to deceased...

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28 Jun 2019

IntroductionThe code is a widely drafted set of anti-avoidance provisions that seek to prevent the avoidance of UK taxation by transferring assets...

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28 Jun 2019

Calculations and claimsLosses arising to trustees are calculated in the same way as they are for individuals. Capital losses are automatically set...

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28 Jun 2019

In the UK, Inheritance tax on death may be altered or deferred in a number of ways:•a claim for relief may be made where the value for inheritance tax...

Latest Guidance
Trust_tax_img4
Trusts and Inheritance Tax

Time for payment Two statutory rules apply on death tax is due six months after the end of the month of death and carries interest from the due date until paid IHTA 1984...

Trust_tax_img3
Trusts and Inheritance Tax

Non residents liability for CGT With effect from 6 April 2019 a person who is not UK resident for a tax year is chargeable to capital gains tax on gains accruing within...

Trust_tax_img6
Trusts and Inheritance Tax

This guidance note looks at practical considerations in taking on a trust client In acting for a trust tax practitioners may find themselves in the role because they are...

Trust_tax_img9
Trusts and Inheritance Tax

IntroductionThere has been a long-standing exemption from inheritance tax (and earlier versions of death duties) for the estates of armed forces personnel who die in...

Trust_tax_img2
Trusts and Inheritance Tax

What is a trust for a bereaved minor?The special category of ‘Trusts for bereaved minors’ (TBM) was introduced by Finance Act 2006 to provide IHT concessions for trusts...

Trust_tax_img7
Trusts and Inheritance Tax

IntroductionFinance Act 2013 introduced harmonising amendments to all the qualifying conditions for trusts for disabled persons and other vulnerable beneficiaries. See...

Trust_tax_img9
Trusts and Inheritance Tax

BeneficiariesThe personal representatives will have identified the beneficiaries of the estate at an early stage. See the Introduction to deceased estates guidance note....

Trust_tax_img10
Trusts and Inheritance Tax

IntroductionThe code is a widely drafted set of anti-avoidance provisions that seek to prevent the avoidance of UK taxation by transferring assets abroad. For the code to...

Trust_tax_img5
Trusts and Inheritance Tax

Calculations and claimsLosses arising to trustees are calculated in the same way as they are for individuals. Capital losses are automatically set against any gains of...

Trust_tax_img10
Trusts and Inheritance Tax

In the UK, Inheritance tax on death may be altered or deferred in a number of ways:•a claim for relief may be made where the value for inheritance tax purposes has...