Trusts and Inheritance Tax Guidance

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Principles of inheritance tax

Get to know everything you need to about principles of inheritance tax in order for you to be better informed about the tax implications.
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Latest Guidance
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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 personnel who die in...

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28 Jun 2019

Where a donor has made a gift of property and continues to use or benefit (or may benefit) from that property in some way, he may have made a gift with reservation of...

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28 Jun 2019

This note will explain when transfers are exempt. However, it should be noted that some exemptions do not apply in relation to the estate charge on death.Exempt...

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28 Jun 2019

Sale of shares relief ― principlesIf shares are sold in the year following death at an overall loss, relief may be available by substituting the sale price of the sold...

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28 Jun 2019

This guidance note is a summary of the information contained in the Double tax relief for IHT and Unilateral relief guidance notes. Those guidance notes provide more...

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28 Jun 2019

The legislation specifically excludes certain types of arrangements from the scope of inheritance tax even though the effect is a diminution in the value of the...

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28 Jun 2019

Spouse exemption for a non UK domiciled individualThroughout this note, references to spouses include civil partners; the term ‘partner’ means both a member of a married...

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28 Jun 2019

The occasions on which a liability to inheritance tax can arise are:•when an individual transfers property into trust during his lifetime•on the death of an...

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28 Jun 2019

This guidance note provides an overview of the basic principles of inheritance tax, when it is charged and how it is calculated. It contains links and references to other...

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28 Jun 2019

Nil rate band (NRB) ― principlesInheritance tax is charged at the rate of 40% on estates at death or at half that rate, 20%, on chargeable lifetime transfers. The NRB is...

Latest Guidance
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_img4
Trusts And Inheritance Tax

Where a donor has made a gift of property and continues to use or benefit (or may benefit) from that property in some way, he may have made a gift with reservation of...

Trust_tax_img9
Trusts And Inheritance Tax

This note will explain when transfers are exempt. However, it should be noted that some exemptions do not apply in relation to the estate charge on death.Exempt...

Trust_tax_img9
Trusts And Inheritance Tax

Sale of shares relief ― principlesIf shares are sold in the year following death at an overall loss, relief may be available by substituting the sale price of the sold...

Trust_tax_img4
Trusts And Inheritance Tax

This guidance note is a summary of the information contained in the Double tax relief for IHT and Unilateral relief guidance notes. Those guidance notes provide more...

Trust_tax_img7
Trusts And Inheritance Tax

The legislation specifically excludes certain types of arrangements from the scope of inheritance tax even though the effect is a diminution in the value of the...

Trust_tax_img6
Trusts And Inheritance Tax

Spouse exemption for a non UK domiciled individualThroughout this note, references to spouses include civil partners; the term ‘partner’ means both a member of a married...

Trust_tax_img2
Trusts And Inheritance Tax

The occasions on which a liability to inheritance tax can arise are:•when an individual transfers property into trust during his lifetime•on the death of an...

Trust_tax_img3
Trusts And Inheritance Tax

This guidance note provides an overview of the basic principles of inheritance tax, when it is charged and how it is calculated. It contains links and references to other...

Trust_tax_img5
Trusts And Inheritance Tax

Nil rate band (NRB) ― principlesInheritance tax is charged at the rate of 40% on estates at death or at half that rate, 20%, on chargeable lifetime transfers. The NRB is...