Policy paper

Inheritance Tax: simplifying charges on trusts and new rules to target avoidance through the use of multiple trusts

This Tax Information and Impact Note is about simplifying Inheritance Tax charges on trusts and introducing new rules to target avoidance through the use of multiple trusts.

Documents

Inheritance Tax: simplifying charges on trusts and new rules to target avoidance through the use of multiple trusts

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Details

The measure will simplify the calculation of trust charges by removing the need to include non-relevant property in the calculation. It also introduces new rules about adding property to trusts on the same day to protect Inheritance Tax revenues from the use of multiple trusts. The measure also includes changes in the relevant property trust legislation to provide more certainty and to ease the effect of the legislation.

Published 10 December 2014