Trusts and Inheritance Tax Guidance

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Estates — inheritance tax

This is the latest tax guidance provided on estates — inheritance tax to enable you to access the latest thinking.
Latest Guidance
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28 Jun 2019

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...

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28 Jun 2019

Relief for appointments from discretionary will trustsIf a will creates a discretionary trust (ie ‘relevant property’ trust) and within two years of death there is a...

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28 Jun 2019

What is a residuary gift?In the context of a disposition by Will, a residuary gift is a gift of a share of what is left of the free estate after specific gifts have been...

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28 Jun 2019

This guidance note explains how to deal with changes to the taxable values in the original inheritance tax account.Why do amendments arise?When the IHT account is first...

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28 Jun 2019

A person’s entitlement to a pension is not included in his estate on death, provided that the entitlement ends on death. In addition, investments held in a pension trust...

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28 Jun 2019

Once you have made a start on completing the main form of the IHT400 , you will have identified which supplementary pages you need. See the IHT 400 guidance note. HMRC...

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28 Jun 2019

The general law and disclaimersIf a beneficiary of a gift under a will or intestacy refuses it before acceptance, this amounts to a disclaimer. The property then devolves...

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28 Jun 2019

This guidance note should be read in conjunction with the illustrative Grossing up calculations examples.The partial exemption problemBequests in a Will may be broadly...

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28 Jun 2019

The Inheritance (Provision for Family and Dependants) Act 1975 (1975 Act), allows certain categories of applicant to make a claim for financial provision from a deceased...

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28 Jun 2019

Preparatory workBefore completing the Inheritance Tax account for submission to HMRC, the practitioner needs to undertake a comprehensive review of the extent of the...

Latest Guidance
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_img6
Trusts And Inheritance Tax

Relief for appointments from discretionary will trustsIf a will creates a discretionary trust (ie ‘relevant property’ trust) and within two years of death there is a...

Trust_tax_img2
Trusts And Inheritance Tax

What is a residuary gift?In the context of a disposition by Will, a residuary gift is a gift of a share of what is left of the free estate after specific gifts have been...

Trust_tax_img3
Trusts And Inheritance Tax

This guidance note explains how to deal with changes to the taxable values in the original inheritance tax account.Why do amendments arise?When the IHT account is first...

Trust_tax_img
Trusts And Inheritance Tax

A person’s entitlement to a pension is not included in his estate on death, provided that the entitlement ends on death. In addition, investments held in a pension trust...

Trust_tax_img4
Trusts And Inheritance Tax

Once you have made a start on completing the main form of the IHT400 , you will have identified which supplementary pages you need. See the IHT 400 guidance note. HMRC...

Trust_tax_img10
Trusts And Inheritance Tax

The general law and disclaimersIf a beneficiary of a gift under a will or intestacy refuses it before acceptance, this amounts to a disclaimer. The property then devolves...

Trust_tax_img9
Trusts And Inheritance Tax

This guidance note should be read in conjunction with the illustrative Grossing up calculations examples.The partial exemption problemBequests in a Will may be broadly...

Trust_tax_img5
Trusts And Inheritance Tax

The Inheritance (Provision for Family and Dependants) Act 1975 (1975 Act), allows certain categories of applicant to make a claim for financial provision from a deceased...

Trust_tax_img5
Trusts And Inheritance Tax

Preparatory workBefore completing the Inheritance Tax account for submission to HMRC, the practitioner needs to undertake a comprehensive review of the extent of the...