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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.
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.