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IHT exemptions for gifts out of income
Inevitably, the season provokes thoughts of gifting and receiving gifts. The tax consequences, especially the possible Inheritance Tax (IHT) consequences, of the donor failing to survive for seven years, may be thought more appropriate for the post..
Online Published Date:
22 December 2016
Appeared in issue:
Vol 30 No 10 - 22 December 2016
Provision of accounting information to beneficiaries
Trustees, especially Trustees of Discretionary Trusts, are often relieved by the trust instrument from the obligation to provide beneficiaries with the reasons for the decisions they make. They must, however, provide beneficiaries with accounts...
Online Published Date:
22 December 2016
Appeared in issue:
Vol 30 No 10 - 22 December 2016
Sales of assets to beneficiaries by personal representatives
Except in the very simplest cases, where the deceased has left all his property to one person who is the sole executor and where the estate is very liquid with plenty of cash to pay tax, debts, legacies and administrative expenses, it is likely that..
Online Published Date:
22 December 2016
Appeared in issue:
Vol 30 No 10 - 22 December 2016
Briefing
Trusts for disabled beneficiaries
Online Published Date:
22 December 2016
Appeared in issue:
Vol 30 No 10 - 22 December 2016
Practical pointer
Transactions in UK Land – Part 9A Income Tax Act 2002
Online Published Date:
22 December 2016
Appeared in issue:
Vol 30 No 10 - 22 December 2016
Topic of the month
The last Autumn Statement
Online Published Date:
22 December 2016
Appeared in issue:
Vol 30 No 10 - 22 December 2016