Trusts and Inheritance Tax Guidance

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Trusts — inheritance tax

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Latest Guidance
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28 Jun 2019

What is a trust for a bereaved minor?The special category of ‘Trusts for bereaved minors’ (TBM) was introduced by Finance Act 2006 to provide IHT concessions for trusts...

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28 Jun 2019

Trust property, which is the subject of a qualifying interest in possession (QIIP), may become chargeable to inheritance tax on the following occasions:•on the death of...

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28 Jun 2019

When trust property ceases to be relevant property, it becomes subject to a charge to inheritance tax. This charge is known as either:•the exit charge•the proportionate...

Trust_tax_img3
28 Jun 2019

What is a bare trust?The term 'bare trust' applies to an arrangement where the legal ownership of property is in a different name from that of the person beneficially...

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28 Jun 2019

Trustees of a relevant property trust are charged to inheritance tax on each tenth anniversary after the trust was created. This charge is known as any of the...

Trust_tax_img2
28 Jun 2019

22 March 2006 was the day of the 2006 Budget which, without any warning or consultation, made sweeping changes to the IHT treatment of trusts. The date represents a...

Trust_tax_img9
28 Jun 2019

IntroductionIt has long been recognised that special concessions are appropriate where property is held in trust for the benefit of a person who is unable to manage his...

Trust_tax_img7
28 Jun 2019

Trustees of a relevant property trust are charged to inheritance tax on each tenth anniversary after the trust was created. This charge is known as any of the...

Trust_tax_img10
28 Jun 2019

What is an Age 18–25 trust?The special category of Age 18–25 trusts was introduced by FA 2006 to offer some compensation for the loss of old style accumulation and...

Trust_tax_img4
27 Jun 2019

IntroductionThe taxation of trusts is based on the personal tax regime. Trusts are subject to the same taxes as individuals: income tax, capital gains tax and inheritance...

Latest Guidance
Trust_tax_img2
Trusts And Inheritance Tax

What is a trust for a bereaved minor?The special category of ‘Trusts for bereaved minors’ (TBM) was introduced by Finance Act 2006 to provide IHT concessions for trusts...

Trust_tax_img3
Trusts And Inheritance Tax

Trust property, which is the subject of a qualifying interest in possession (QIIP), may become chargeable to inheritance tax on the following occasions:•on the death of...

Trust_tax_img10
Trusts And Inheritance Tax

When trust property ceases to be relevant property, it becomes subject to a charge to inheritance tax. This charge is known as either:•the exit charge•the proportionate...

Trust_tax_img3
Trusts And Inheritance Tax

What is a bare trust?The term 'bare trust' applies to an arrangement where the legal ownership of property is in a different name from that of the person beneficially...

Trust_tax_img4
Trusts And Inheritance Tax

Trustees of a relevant property trust are charged to inheritance tax on each tenth anniversary after the trust was created. This charge is known as any of the...

Trust_tax_img2
Trusts And Inheritance Tax

22 March 2006 was the day of the 2006 Budget which, without any warning or consultation, made sweeping changes to the IHT treatment of trusts. The date represents a...

Trust_tax_img9
Trusts And Inheritance Tax

IntroductionIt has long been recognised that special concessions are appropriate where property is held in trust for the benefit of a person who is unable to manage his...

Trust_tax_img7
Trusts And Inheritance Tax

Trustees of a relevant property trust are charged to inheritance tax on each tenth anniversary after the trust was created. This charge is known as any of the...

Trust_tax_img10
Trusts And Inheritance Tax

What is an Age 18–25 trust?The special category of Age 18–25 trusts was introduced by FA 2006 to offer some compensation for the loss of old style accumulation and...

Trust_tax_img4
Trusts And Inheritance Tax

IntroductionThe taxation of trusts is based on the personal tax regime. Trusts are subject to the same taxes as individuals: income tax, capital gains tax and inheritance...