Trusts and Inheritance Tax Guidance

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Trusts — income tax and capital gains tax

Brought to you from the tax exam market leaders, Tolley brings you the guidance you need on trusts — income tax and capital gains tax so that you can better serve your clients.
Latest Guidance
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28 Jun 2019

IntroductionFinance Act 2013 introduced harmonising amendments to all the qualifying conditions for trusts for disabled persons and other vulnerable beneficiaries. See...

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28 Jun 2019

Calculations and claimsLosses arising to trustees are calculated in the same way as they are for individuals. Capital losses are automatically set against any gains of...

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28 Jun 2019

IntroductionThis guidance note highlights some features of the taxation of investment income which apply specifically to trusts.InterestFor commentary on what constitutes...

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28 Jun 2019

This guidance note covers the requirement to submit a Trust and Estate tax return and provides links to the relevant forms on the HMRC website. It includes commentary on...

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28 Jun 2019

‘Hold-over’ relief allows for the deferral of a gain that would otherwise arise in relation to a disposal. No capital gains tax (CGT) is due in respect of the disposal,...

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28 Jun 2019

It is common for trustees to receive rental income from properties held as investments.In general, the same tax principles of property businesses apply to persons,...

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28 Jun 2019

IntroductionThis guidance note follows on from the Discretionary trusts ― tax pool guidance note, which explains how the tax pool is calculated.The ‘tax pool’ is a record...

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28 Jun 2019

IntroductionThis guidance note explains how to calculate the income tax liability on the income of an interest in possession trust. It also covers the general principles...

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28 Jun 2019

This guidance note explains how income tax and capital gains tax relief for vulnerable beneficiary trusts is calculated and explains the effects of a claim in different...

Trust_tax_img2
28 Jun 2019

IntroductionThis guidance note looks at the expenses incurred by trustees when running a trust.Tax deductible expensesAs for individuals and trading organisations,...

Latest Guidance
Trust_tax_img7
Trusts And Inheritance Tax

IntroductionFinance Act 2013 introduced harmonising amendments to all the qualifying conditions for trusts for disabled persons and other vulnerable beneficiaries. See...

Trust_tax_img5
Trusts And Inheritance Tax

Calculations and claimsLosses arising to trustees are calculated in the same way as they are for individuals. Capital losses are automatically set against any gains of...

Trust_tax_img
Trusts And Inheritance Tax

IntroductionThis guidance note highlights some features of the taxation of investment income which apply specifically to trusts.InterestFor commentary on what constitutes...

Trust_tax_img9
Trusts And Inheritance Tax

This guidance note covers the requirement to submit a Trust and Estate tax return and provides links to the relevant forms on the HMRC website. It includes commentary on...

Trust_tax_img7
Trusts And Inheritance Tax

‘Hold-over’ relief allows for the deferral of a gain that would otherwise arise in relation to a disposal. No capital gains tax (CGT) is due in respect of the disposal,...

Trust_tax_img5
Trusts And Inheritance Tax

It is common for trustees to receive rental income from properties held as investments.In general, the same tax principles of property businesses apply to persons,...

Trust_tax_img3
Trusts And Inheritance Tax

IntroductionThis guidance note follows on from the Discretionary trusts ― tax pool guidance note, which explains how the tax pool is calculated.The ‘tax pool’ is a record...

Trust_tax_img4
Trusts And Inheritance Tax

IntroductionThis guidance note explains how to calculate the income tax liability on the income of an interest in possession trust. It also covers the general principles...

Trust_tax_img10
Trusts And Inheritance Tax

This guidance note explains how income tax and capital gains tax relief for vulnerable beneficiary trusts is calculated and explains the effects of a claim in different...

Trust_tax_img2
Trusts And Inheritance Tax

IntroductionThis guidance note looks at the expenses incurred by trustees when running a trust.Tax deductible expensesAs for individuals and trading organisations,...