Trusts and Inheritance Tax Guidance

About

Trust management

You can find out everything you need to know about trust management tax to provide the best possible service to your customers.
Latest Guidance
Trust_tax_img2
28 Jun 2019

Duty to prepare trust accountsUnder the laws of England and Wales, trustees have a duty to account to the beneficiaries for their financial administration of the trust...

Trust_tax_img
28 Jun 2019

The office of trusteeThe trustees’ role is to hold the assets of the trust for the benefit of the beneficiaries. To assist the trustees in this task, they are given...

Trust_tax_img3
28 Jun 2019

IntroductionTo prevent assets being tied up in trust indefinitely, the Courts developed the rule against perpetuities (which prevents trusts lasting for more than a set...

Trust_tax_img6
28 Jun 2019

When is it advisable to wind up a trust?Winding up a trust involves paying off all liabilities and then distributing the remaining funds to beneficiaries in accordance...

Trust_tax_img
28 Jun 2019

The essential nature of a trust is that trustees do not hold the trust property for their own use and benefit, but they manage and administer it for beneficiaries. Trusts...

Trust_tax_img6
28 Jun 2019

Meaning of resettlement, variation and partitionThe trustees or the beneficiaries of a trust may wish to change the way in which the trust operates; or they may wish to...

Trust_tax_img10
28 Jun 2019

An adviser who is drafting a settlement will, at a basic level, be carrying out the wishes of the settlor or the testator. The adviser is also responsible to ensure that...

Trust_tax_img
28 Jun 2019

Trustees have responsibility for the administration of any assets of which they are trustees. The nature of the assets may be specified in the trust deed, or may be a...

Trust_tax_img3
28 Jun 2019

Interest in possession trustsThe income of an interest in possession trust belongs to the life tenant. The trustees can decide to pay income direct to the beneficiary as...

Trust_tax_img3
27 Jun 2019

Trusts created by a WillA Will trust is created by writing the terms of the trust into a Will. There are many types of trust that can be created by a Will. It is...

Latest Guidance
Trust_tax_img2
Trusts And Inheritance Tax

Duty to prepare trust accountsUnder the laws of England and Wales, trustees have a duty to account to the beneficiaries for their financial administration of the trust...

Trust_tax_img
Trusts And Inheritance Tax

The office of trusteeThe trustees’ role is to hold the assets of the trust for the benefit of the beneficiaries. To assist the trustees in this task, they are given...

Trust_tax_img3
Trusts And Inheritance Tax

IntroductionTo prevent assets being tied up in trust indefinitely, the Courts developed the rule against perpetuities (which prevents trusts lasting for more than a set...

Trust_tax_img6
Trusts And Inheritance Tax

When is it advisable to wind up a trust?Winding up a trust involves paying off all liabilities and then distributing the remaining funds to beneficiaries in accordance...

Trust_tax_img
Trusts And Inheritance Tax

The essential nature of a trust is that trustees do not hold the trust property for their own use and benefit, but they manage and administer it for beneficiaries. Trusts...

Trust_tax_img6
Trusts And Inheritance Tax

Meaning of resettlement, variation and partitionThe trustees or the beneficiaries of a trust may wish to change the way in which the trust operates; or they may wish to...

Trust_tax_img10
Trusts And Inheritance Tax

An adviser who is drafting a settlement will, at a basic level, be carrying out the wishes of the settlor or the testator. The adviser is also responsible to ensure that...

Trust_tax_img
Trusts And Inheritance Tax

Trustees have responsibility for the administration of any assets of which they are trustees. The nature of the assets may be specified in the trust deed, or may be a...

Trust_tax_img3
Trusts And Inheritance Tax

Interest in possession trustsThe income of an interest in possession trust belongs to the life tenant. The trustees can decide to pay income direct to the beneficiary as...

Trust_tax_img3
Trusts And Inheritance Tax

Trusts created by a WillA Will trust is created by writing the terms of the trust into a Will. There are many types of trust that can be created by a Will. It is...