Subjects:

Equity and Trusts, Taxation, Tax Reference Annuals

Contents:

PART 1 - UK Resident Trusts

1. Setting the scene

2. Types of trust

3. Interests of beneficiaries

4. The settlor - Anti-avoidance provisions

5. Trustees’

tax liability and compliance in summary

6. Income Tax

7. Capital Gains Tax

8. Inheritance Tax - Definitions

9. Inheritance Tax - Interest in possession settlements

10. Inheritance Tax - Accumulation and maintenance settlements (created before 22 March 2006)

11. Inheritance Tax - 'Relevant Property' settlements - The ten year charge

12. 'Relevent Property' settlements - The exit charge

13. Discretionary settlements made before 27 March 1974

14. Inheritance Tax - Administrative matters

15. The use of 'relevant property' settlements

16. The use of non-discretionary settlements - before 22 March 2006 and those still within the Section 49(1) regime

17. Charities

18. Self-Assessment

19. Stamp Duty Land Tax PART 2 - Non-UK Resident Trusts

20. Residence, ordinary residence and domicile

21. Income Tax

22. Capital Gains Tax

23. Inheritance Tax

24. The use of offshore trusts in tax planning

Appendices

Index

UK Taxation of Trusts is a concise yet comprehensive reference source for all who practise in this area. It is written by specialists in the field to provide a detailed explanation of the impact of income tax, capital gains tax and inheritance tax on the various types of trusts. The book also includes fully revised chapters covering the UK taxation of offshore trusts, as well as:

• Worked examples and illustrations
• All the information you need in one concise guide
• Contains UK and offshore resident trusts
• References to the Revenue Trust Manual
• The provisions of the Finance Act 2007 (including the changes to the IHT treatment of trusts)