Consultation outcome

Inheritance tax: simplifying charges on trusts

This consultation has concluded

Download the full outcome

Inheritance Tax: Simplification of trust charges – the next stage

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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

Summary

This consultation proposes changes to the way Inheritance Tax (IHT) trust charges are calculated.

This consultation ran from
to

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

Inheritance tax: simplifying charges on trusts - the next stage

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If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Published 31 May 2013
Last updated 10 December 2013 + show all updates
  1. Added the document Inheritance Tax: Simplification of trust charges – the next stage. Summary of Responses December 2013
  2. First published.