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Detail of outcome
The response document sets out the government’s response to the consultation document published below. The responses received are summarised and a full list of respondents is included but where appropriate the names and personal or commercially sensitive information has been redacted . The government has heard the concerns voiced during the consultation and is grateful for the constructive and informative suggestions it received.
Legislation on the alignment of payment and filing dates and the treatment of retained income is included in Finance Bill 2014. This consultation focuses on changes to the way IHT trust charges are calculated and it also sets out proposals for the treatment of the nil-rate band where the settlor makes a number of settlements.