Trusts and Inheritance Tax

Find the Trusts and Inheritance Tax answers you need in the UK’s definitive source of practical tax guidance

The Tolley®Guidance Trusts and Inheritance Tax Module - expert practical tax guidance, examples and template documents that demonstrate how to apply legislation in real-world client situations.

The Tolley®Guidance IHT, Trusts and Estates module provides comprehensive advice on private client matters. It covers inheritance tax in its entirety, as well as income tax and capital gains tax as they apply to trusts and estates. The module also deals specifically with inheritance tax planning, including a new topic devoted purely to agricultural and business property relief.

Trusts and Inheritance Tax
Guidance notes are linked to the appropriate technical guidance. In addition to taxation, it includes material on the law and administration of trusts and estates and on topics such as intestacy, applying for probate, trustees’ powers, international aspects and charities.
Trusts and Inheritance Tax
For practitioners who are unfamiliar with this specialist area, it explains complex concepts in plain language enabling you to deal with compliance matters and tax planning queries without referring to an expert, as well as to communicate the relevant issues to clients.
Trusts and Inheritance Tax
For specialist private client practitioners, the module goes far beyond the summary of legislation found in other tax publications and provides practical guidance on the effect of the law on topics such as vulnerable beneficiaries, the tax pool, gifts with reservation and trusts for children.

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Popular Articles

Definition of plant and machinery

Legislative definition of plant and machineryThe general rule allowing capital allowances on plant and machinery is given at CAA 2001, s 11. There is no statutory definition of the term ‘plant and machinery’ but there is confirmation in the legislation on what constitutes a building or a structure

14 Jul 2020 11:24 | Produced by Tolley Read more Read more

Exemption ― supplies of stamps and philatelic items

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marked the end of the Brexit transition / implementation period entered into following the UK’s withdrawal from the EU. At this point in time, key transitional arrangements came to an end and significant changes began to take effect across the UK’s

14 Jul 2020 13:45 | Produced by Tolley Read more Read more

Capital allowances computations

Plant and machinery allowancesThree types of allowance are available for expenditure on plant and machinery:•the annual investment allowance (AIA), which currently provides a 100% allowance for the first £1,000,000 of expenditure per year, see the Annual investment allowance (AIA) guidance

14 Jul 2020 11:08 | Produced by Tolley Read more Read more