Trusts and Inheritance Tax Guidance
IntroductionThere has been a long-standing exemption from inheritance tax (and earlier versions of death duties) for the estates of armed forces...
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...
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...
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...
This guidance note is a summary of the information contained in the Double tax relief for IHT and Unilateral relief guidance notes. Those guidance...
The legislation specifically excludes certain types of arrangements from the scope of inheritance tax even though the effect is a diminution in the...
Spouse exemption for a non UK domiciled individualThroughout this note, references to spouses include civil partners; the term ‘partner’ means both a...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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