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Technical articles | 01 Apr 2007
HMRC has announced that "In the light of the further advice that we have received, [we] can now confirm that we consider that an absolute trust for a minor is not a settlement for IHT purposes". HMRC explains that the discretion given to trustees of bare trusts under section 31 of the Trust...
Technical articles | 01 Aug 2006
Robin Ali considers the impact of a landmark ruling affecting the inheritance tax position of landowners for financial advisers working in IHT and estate planning.  Many readers will know the basis under which owners of agricultural property may receive relief against inheritance tax (...
Technical articles | 01 Jun 2006
Amendments to the bill will effectively keep life policies under interest-in-possession trusts outside ...
Technical articles | 01 Jun 2006
Under the original proposals, a trust set up on a parent's death for a minor child had to give the child ...
Technical articles | 26 Oct 2017
Last month we looked at the subject of charitable legacies and the various ways a Will can be structured to ensure that not only the lower (36%) inheritance tax rate is achieved but that the testator's practical aims are achieved. 
Technical articles | 05 Jul 2017
Financial advisers, whether or not they have been involved in the setting up of an earlier trust, are frequently called upon to assist with financial matters after a client or a relative of a client has died.  Frequently there are questions with regard to the administration of a trust ...
Technical articles | 08 Jun 2017
According to the latest estimates, HMRC's inheritance tax receipts are to be about £4,637m for 2015-16, which is an increase of 22% from 2014-15. Since 2009-10 IHT receipts have increased year on year on average by 12% each year. Some of it is due to the nil rate band being frozen at £325,0...
Technical articles | 17 Aug 2016
The trust and taxation-related article in the previous issue highlighted the key points to bear in mind in connection with business protection trusts used in business succession planning.
Syllabuses | 01 Jul 1996
CII syllabus for G10 Taxation and Trusts 1996
 

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