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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27 Jun 2019

IntroductionThis guidance note explains how to calculate the income tax liability on the income of discretionary trusts and any trusts where income may be accumulated. It...

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27 Jun 2019

Conditions for reliefThe gain on the sale of a residential property (together with its grounds) held in trust will be wholly or partly exempt if, during the period of...

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27 Jun 2019

Income tax position of the trustThe terms of a trust may require the payment of an annuity to a beneficiary. Alternatively, discretionary trustees may decide to pay a...

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27 Jun 2019

This guidance note deals with the main principles of income tax that apply to the beneficiary of a discretionary trust.An individual will be charged to income tax only...

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27 Jun 2019

This guidance note describes how the income of a settlor-interested trust is charged on the settlor in accordance with the provisions of the Settlements Code set out in...

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27 Jun 2019

Trading income for trustsTrustees may be required to run a family business for the benefit of others, or they may decide to invest the trust fund in a business activity....

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27 Jun 2019

Trustees are sometimes treated as having made a disposal of the trust property even if they have not sold or transferred the property. You will need to consider the...

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27 Jun 2019

This guidance note explains how trustees of bare trusts are treated for income tax and capital gains purposes. Although a bare trust is, in equity, a type of trust, for...

Latest Guidance
Trust_tax_img9
Trusts And Inheritance Tax

IntroductionThis guidance note explains how to calculate the income tax liability on the income of discretionary trusts and any trusts where income may be accumulated. It...

Trust_tax_img
Trusts And Inheritance Tax

Conditions for reliefThe gain on the sale of a residential property (together with its grounds) held in trust will be wholly or partly exempt if, during the period of...

Trust_tax_img9
Trusts And Inheritance Tax

Income tax position of the trustThe terms of a trust may require the payment of an annuity to a beneficiary. Alternatively, discretionary trustees may decide to pay a...

Trust_tax_img4
Trusts And Inheritance Tax

This guidance note deals with the main principles of income tax that apply to the beneficiary of a discretionary trust.An individual will be charged to income tax only...

Trust_tax_img9
Trusts And Inheritance Tax

This guidance note describes how the income of a settlor-interested trust is charged on the settlor in accordance with the provisions of the Settlements Code set out in...

Trust_tax_img
Trusts And Inheritance Tax

Trading income for trustsTrustees may be required to run a family business for the benefit of others, or they may decide to invest the trust fund in a business activity....

Trust_tax_img9
Trusts And Inheritance Tax

Trustees are sometimes treated as having made a disposal of the trust property even if they have not sold or transferred the property. You will need to consider the...

Trust_tax_img
Trusts And Inheritance Tax

This guidance note explains how trustees of bare trusts are treated for income tax and capital gains purposes. Although a bare trust is, in equity, a type of trust, for...