Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
, see all updates

2006 IHT changes: treatment before 22 March 2006

In simple terms trusts can for IHT purposes be divided into several main types. In sayingthis it should be noted that some settlements contained several different kinds of trust;for example within one settlement one person had an interest in possession in some fundswhereas another was the main beneficiary of an accumulation and maintenance trust. The IHTlegislation applied separately to each trust within the settlement. The main types are setout in CG36529.

The treatment of specialist trusts such as employee benefit trusts, charities and heritagemaintenance trusts is not considered in this chapter.