Trusts and Inheritance Tax Guidance

About

Inheritance tax planning

Get to know everything you need to about inheritance tax planning to help your customers keep abreast of tax policy updates.
Latest Guidance
Trust_tax_img4
28 Jun 2019

Deduction of liabilitiesWhen determining the value of a sole trader business, interest in a partnership or limited liability partnership IHTA 1984, s 110 provides that...

Trust_tax_img4
28 Jun 2019

Land subject to an agricultural tenancy may qualify for agricultural property relief (APR) for the landlord. However, the extent of the relief and the qualifying...

Trust_tax_img5
28 Jun 2019

The main consideration for a client who wants to provide for children in his Will is to decide the age at which they should inherit, and whether they are to inherit...

Trust_tax_img4
28 Jun 2019

A ‘pilot trust’ is one that holds a nominal amount of property (typically a small sum of cash) and does not become active until further funds are added later. The later...

Trust_tax_img4
28 Jun 2019

Outright giftsIn their Wills, most married couples and civil partners (collectively referred to here as ‘spouses’) wish to leave the bulk of their estates to each other....

Trust_tax_img10
28 Jun 2019

IntroductionThe basic qualification rules for business property relief (BPR) are illustrated in the Flowchart - trading or investment business for BPR purposes.Please...

Trust_tax_img5
28 Jun 2019

A valuable exemption from inheritance tax (IHT) applies to gifts out of surplus income. This exemption applies only to lifetime gifts and is therefore a key part of...

Trust_tax_img6
28 Jun 2019

Unincorporated businessesIHTA 1984, s 105(1)(a) lays down some prescriptive rules about the value of an unincorporated business which qualifies for 100% BPR.Broadly, the...

Trust_tax_img
28 Jun 2019

IntroductionTrusts are not confined to lifetime arrangements. A trust can arise on death under the terms of a Will. It is much more common, in fact, for people to have a...

Trust_tax_img10
28 Jun 2019

Arguably, the most important exemption from IHT is the married couple / civil partner exemption.There is no IHT to pay on gifts from husband to wife and vice versa, or...

Latest Guidance
Trust_tax_img4
Trusts And Inheritance Tax

Deduction of liabilitiesWhen determining the value of a sole trader business, interest in a partnership or limited liability partnership IHTA 1984, s 110 provides that...

Trust_tax_img4
Trusts And Inheritance Tax

Land subject to an agricultural tenancy may qualify for agricultural property relief (APR) for the landlord. However, the extent of the relief and the qualifying...

Trust_tax_img5
Trusts And Inheritance Tax

The main consideration for a client who wants to provide for children in his Will is to decide the age at which they should inherit, and whether they are to inherit...

Trust_tax_img4
Trusts And Inheritance Tax

A ‘pilot trust’ is one that holds a nominal amount of property (typically a small sum of cash) and does not become active until further funds are added later. The later...

Trust_tax_img4
Trusts And Inheritance Tax

Outright giftsIn their Wills, most married couples and civil partners (collectively referred to here as ‘spouses’) wish to leave the bulk of their estates to each other....

Trust_tax_img10
Trusts And Inheritance Tax

IntroductionThe basic qualification rules for business property relief (BPR) are illustrated in the Flowchart - trading or investment business for BPR purposes.Please...

Trust_tax_img5
Trusts And Inheritance Tax

A valuable exemption from inheritance tax (IHT) applies to gifts out of surplus income. This exemption applies only to lifetime gifts and is therefore a key part of...

Trust_tax_img6
Trusts And Inheritance Tax

Unincorporated businessesIHTA 1984, s 105(1)(a) lays down some prescriptive rules about the value of an unincorporated business which qualifies for 100% BPR.Broadly, the...

Trust_tax_img
Trusts And Inheritance Tax

IntroductionTrusts are not confined to lifetime arrangements. A trust can arise on death under the terms of a Will. It is much more common, in fact, for people to have a...

Trust_tax_img10
Trusts And Inheritance Tax

Arguably, the most important exemption from IHT is the married couple / civil partner exemption.There is no IHT to pay on gifts from husband to wife and vice versa, or...