Inheritance tax: simplifying charges on trusts
Read the full outcome
Detail of outcome
This document summarises the responses received to the consultation and sets out the next stages. Draft legislation on the treatment of accumulated income and the alignment of payment and filing dates was published on 10 December 2013 for technical consultation. This will be included in Finance Bill 2014. We will consult further in respect of consideration of the nil-rate band. Legislation on the nil-rate band and simplification of calculations will be included in Finance Bill 2015.
Original consultation
Consultation description
The consultation sets out options on how IHT periodic and exit charges on trusts that hold or dispose of relevant property can be simplified and seeks views on proposals to align payment and filing dates for these charges and examines the treatment of accumulated income.
Documents
Updates to this page
Published 31 May 2013Last updated 10 December 2013 + show all updates
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Added the document Inheritance Tax: Simplification of trust charges – the next stage. Summary of Responses December 2013
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First published.