Taxation of UK trusts: IHT and CGT summary tables

Resource type: Practice note

Status: Maintained

Jurisdiction: United Kingdom

Tables summarising how inheritance tax and capital gains tax apply on the main events in the life of UK trusts. It covers relevant property trusts, qualifying interest in possession trusts, trusts for bereaved minors, accumulation and maintenance trusts, 18 to 25 trusts and disabled person's interests.

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Resource ID: 7-383-6635
Products: PLC UK Private Client
This resource is maintained, meaning that we monitor developments on a regular basis and update it as soon as possible.

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Topics

TrustsTrusts (http://plc.practicallaw.com/0-383-2283)
WillsWills (http://plc.practicallaw.com/6-383-2275)

Practice note: overview

Creating a trust: overview Creating a trust: overview (http://uk.practicallaw.com/topic8-383-6729)
Ending a trust: overview Ending a trust: overview (http://uk.practicallaw.com/topic2-383-8038)
Exercising powers of appointment, advancement and transfer: overview Exercising powers of appointment, advancement and transfer: overview (http://uk.practicallaw.com/topic4-386-2471)
Inheritance tax: overview Inheritance tax: overview (http://uk.practicallaw.com/topic3-383-5652)
Taxation of UK trusts: overview Taxation of UK trusts: overview (http://uk.practicallaw.com/topic0-383-6634)

Practice notes

Exercising powers of appointment, advancement and transfer: is there a resettlement? Exercising powers of appointment, advancement and transfer: is there a resettlement? (http://uk.practicallaw.com/topic8-386-2469)
Inheritance tax: relevant property trusts: calculating the charge to tax Inheritance tax: relevant property trusts: calculating the charge to tax (http://uk.practicallaw.com/topic3-509-2936)
Inheritance tax: relevant property trusts: effect of APR and BPR on calculation of tax Inheritance tax: relevant property trusts: effect of APR and BPR on calculation of tax (http://uk.practicallaw.com/topic1-518-4395)
Inheritance tax: relevant property trusts: effect of death of settlor on calculation of tax Inheritance tax: relevant property trusts: effect of death of settlor on calculation of tax (http://uk.practicallaw.com/topic2-518-4837)
Inheritance tax: relevant property trusts: key concepts Inheritance tax: relevant property trusts: key concepts (http://uk.practicallaw.com/topic2-518-0740)
Tax data: capital gains tax Tax data: capital gains tax (http://uk.practicallaw.com/topic9-385-5454)
Tax data: inheritance tax Tax data: inheritance tax (http://uk.practicallaw.com/topic6-385-5460)
Tax on chargeable gains: general principles Tax on chargeable gains: general principles (http://uk.practicallaw.com/topic1-205-7008)
Taxation of UK trusts: capital gains tax Taxation of UK trusts: capital gains tax (http://uk.practicallaw.com/topic2-521-7098)
When to submit inheritance tax account IHT100 When to submit inheritance tax account IHT100 (http://uk.practicallaw.com/topic9-500-6040)

Standard documents

Discretionary trust with drafting notes Discretionary trust with drafting notes (http://uk.practicallaw.com/topic1-384-8556)
Interest in possession trust, with drafting notes Interest in possession trust, with drafting notes (http://uk.practicallaw.com/topic5-384-9549)
Master Will with drafting notes Master Will with drafting notes (http://uk.practicallaw.com/topic5-381-4187)

External resource

Frankland v Commissioners of Inland Revenue [1997] EWCA Civ 2674 Frankland v Commissioners of Inland Revenue [1997] EWCA Civ 2674 (http://uk.practicallaw.com/topic7-500-1190)

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