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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15 Apr 2020

This guidance note aims to give practical tips to those practitioners who are advising clients on IHT business property relief (BPR). These strategies...

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15 Apr 2020

This guidance note discusses the Will drafting issues to consider where the testator owns business assets. For a more general introduction into Will...

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13 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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13 Mar 2020

Time for paymentTwo statutory rules apply on death:•tax is ‘due’ six months after the end of the month of death and carries interest from the ‘due’...

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13 Mar 2020

This guidance note considers the basic content of a Will and the typical provisions found in most Wills. Other guidance notes in this sub-topic deal...

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13 Mar 2020

Non-residents’ liability for CGTWith 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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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...

Latest Guidance
Trust_tax_img7
Trusts and Inheritance Tax

This guidance note aims to give practical tips to those practitioners who are advising clients on IHT business property relief (BPR). These strategies are designed to...

Trust_tax_img3
Trusts and Inheritance Tax

This guidance note discusses the Will drafting issues to consider where the testator owns business assets. For a more general introduction into Will drafting see the...

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_img4
Trusts and Inheritance Tax

Time for paymentTwo 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...

Trust_tax_img7
Trusts and Inheritance Tax

This guidance note considers the basic content of a Will and the typical provisions found in most Wills. Other guidance notes in this sub-topic deal with provisions that...

Trust_tax_img3
Trusts and Inheritance Tax

Non-residents’ liability for CGTWith 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_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....