Trusts and Inheritance Tax Guidance

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Estates — income tax and capital gains tax

This is the latest tax guidance provided on estates — income tax and capital gains tax tax so that you can understand everything you need to know.
Latest Guidance
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28 Jun 2019

When a member of a pension scheme dies, he may be in receipt of pension income, or he may have future rights to a pension which have not yet crystallised. In either...

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28 Jun 2019

Treatment of income payments during administrationBeneficiaries are chargeable to income tax only on distributions treated as income and are assessed only in the tax year...

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28 Jun 2019

The personal representatives are responsible for finalising the deceased's tax affairs. They must file outstanding tax returns and claim any repayments due. For many...

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27 Jun 2019

This guidance note specifically addresses issues on the payment of capital to beneficiaries, including transfers to and disposals by legatees along with some practical...

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27 Jun 2019

Income taxWhen an individual dies, he is liable to income tax on the income that arises in the period starting on 6 April before his death and ending with the date of...

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27 Jun 2019

The period of administration runs from the day after the date of death and ends when the estate is effectively wound up. During that period, income received by the...

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27 Jun 2019

Is a tax return required?Personal representatives have a duty to report to HMRC any untaxed income received during the period of administration and any capital gains...

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27 Jun 2019

Death is not a disposal but is a deemed acquisitionThe rules dealing with capital gains tax on death provide the following:•assets the deceased was competent to dispose...

Latest Guidance
Trust_tax_img7
Trusts And Inheritance Tax

When a member of a pension scheme dies, he may be in receipt of pension income, or he may have future rights to a pension which have not yet crystallised. In either...

Trust_tax_img4
Trusts And Inheritance Tax

Treatment of income payments during administrationBeneficiaries are chargeable to income tax only on distributions treated as income and are assessed only in the tax year...

Trust_tax_img6
Trusts And Inheritance Tax

The personal representatives are responsible for finalising the deceased's tax affairs. They must file outstanding tax returns and claim any repayments due. For many...

Trust_tax_img2
Trusts And Inheritance Tax

This guidance note specifically addresses issues on the payment of capital to beneficiaries, including transfers to and disposals by legatees along with some practical...

Trust_tax_img10
Trusts And Inheritance Tax

Income taxWhen an individual dies, he is liable to income tax on the income that arises in the period starting on 6 April before his death and ending with the date of...

Trust_tax_img7
Trusts And Inheritance Tax

The period of administration runs from the day after the date of death and ends when the estate is effectively wound up. During that period, income received by the...

Trust_tax_img
Trusts And Inheritance Tax

Is a tax return required?Personal representatives have a duty to report to HMRC any untaxed income received during the period of administration and any capital gains...

Trust_tax_img3
Trusts And Inheritance Tax

Death is not a disposal but is a deemed acquisitionThe rules dealing with capital gains tax on death provide the following:•assets the deceased was competent to dispose...