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HMRC internal manual

Trusts, Settlements and Estates Manual

Updates: Trusts, Settlements and Estates Manual

2016

published amendments

Trust income and gains: beneficiaries: individual beneficiary receives discretionary income payment from a resident trust: settlor-interested trust
Spelling corrected.
Trust management expenses: bare trusts: exception
Extra words removed.
Trust income and gains: Accrued Income Scheme: change of trustees
Extra words removed and legislation updated.
Trust management expenses: allowable expenses: specific items: distributions of income
Missing letter added.
Introduction to trusts: legal background - trust law: sham trusts
Sentence removed.
Ownership and income tax: income tax claims - examples
Bullets amended.
Settlements legislation: capital sums paid to settler: instructions about ITTOIA/S641
Formatting updated
Refer to Edinburgh rather than Nottingham
Settlements legislation: capital sums paid to settlor: Tax Return
Refer to Edinburgh rather than Nottingham.
Settlements legislation: capital sums paid to settler: Submissions to Trusts & Estates Technical Edinburgh
Advice now provided by Edinburgh rather than Nottingham
Settlements legislation: treatment of income in hands of beneficiary
Duplicate words removed
Settlements legislation: summary - additional examples where settlements legislation does not apply
Punctuation corrected.
Settlements legislation: settlement for unmarried minor child: settlements legislation
Spelling corrected.
Settlements legislation: settlor retains an interest - exceptions - outright gifts between spouses or civil partners
Spacing amended and missing words added.
Settlements legislation: effects of the settlements legislation - corporate settlors
Missing word added.
Legal Background to Trusts and Estates: All beneficial interests cease
spacing amended
Legal Background to Trusts and Estates: Varying the terms of a trust
Spacing amended.
Legal Background to Trusts and Estates: Minor with vested interest dies
Spacing amended
Legal Background to Trusts and Estates: Minor Beneficiary of A Trust - Capital vests later than the age of majority
Spacing amended
Legal Background to Trusts and Estates: Joint tenants
Spacing amended
Legal Background to Trusts and Estates: Tenants in common
Spacing amended
Legal Background to Trusts and Estates: Putting real property into trust
Spacing amended.
Legal background to trusts & estates: limited interest - definition
Typo amended.
Legal background to trusts & estates: splitting an absolute interest
Spacing error amended.
Legal background to trusts & estates: appointing personal representatives
Spacing errors corrected.
Legal Background to Trusts and Estates: Trust ends because of fraud or bankruptcy
Spacing errors amended.
Legal Background to Trusts and Estates: Trust ends: minor reaches age of majority
Spacing adjusted.
Legal background to trusts & estates: gift on account of death
Spacing adjusted to ease reading.
Spacing amended to ease reading.

published amendments

Trust income and gains: the charge on trustees - trust tax rates
2015-16 and 2016-17 rates added.

published amendments

Settlements legislation: table of origins ITTOIA to ICTA 1988
Hyperlink to attachment corrected
Settlements legislation: table of destinations - ICTA 1988 to ITTOIA
Hyperlink to attachment corrected

published amendments

Settlements legislation: table of origins ITTOIA to ICTA 1988
Link to attachment corrected

published amendments

Capital items that are income for tax purposes: Introduction
Title changed to remove gains as this has nothing to do with gains.

published amendments

Capital items that are income for tax purposes: Introduction
Title updated as it was incorrect.

published amendments

Deceased persons: administration periods: agreeing the tax liability
Dividend rate changed to 7.5% from 1/4/16. Delete paragraph referring to tax deducted at source. Change limit for asset sold for CGT purposes to £500 000.

published amendments

Trust management expenses: allowable expenses: specific items: woodlands expenses
Clarification
Trust income and gains: the charge on trustees : standard rate band - income to which the band applies
Changes to clarify position.

published amendments

Introduction to trusts: new trusts: trusts with a foreign connection - foreign law trusts
Added heading in bold.
Introduction to trusts: new trusts: trusts with a foreign connection - non-resident trusts
Updated PTI to CSI.
Trust management expenses: accumulation/discretionary trusts: relief against the special trust rates
Rates updated to 2016 & link added to other rates.
Legal background to trusts and estates: trustees in bankruptcy
Meaning made clearer.

published amendments

Deceased persons: responsibilities of HMRC Administration of Estates Cardiff - complex cases
Limit for sale proceeds changed from £250 000 to £500 000 from 6/4/16

published amendments

Seeking technical advice from Trusts & Estates Technical (Trusts)
Removed reference to Nottingham as work now dealt with in Edinburgh.

2017

published amendments

Seeking technical advice from Trusts & Estates Technical (Trusts)
Removed reference to Nottingham

published amendments

Introduction to trusts: claims about error relating to trust: contents
New page added
Introduction to trusts: claims about error relating to trust: error made by trustees (the ‘rule in Hastings-Bass’)
Amended to make clearer.
Introduction to trusts: claims about error relating to trust: error in trust deed (rectification)
Updates to clarify position.
Seeking technical advice from Trusts & Estates Technical (Trusts)
Removal of reference to Trust & Estate, as we are now Technical and Valuation. I have retained (Trusts) for clarity in some areas.

published amendments

Introduction to trusts: claims about error relating to trust: error made by trustees (the ‘rule in Hastings-Bass’)
Spelling
Spelling error fixed.
Introduction to trusts: claims about error relating to trust: contents
Change order.
New page
Add page
Title updated
Title updated
New page added

published amendments

Introduction to trusts: claims about error relating to trust: error in making disposition - ‘mistake’
Add short title
Legal background to trusts and estates: Inheritance (Provision for Family and Dependants) Act 1975
Updated reference to CG guidance as this has been merged.

published amendments

Seeking technical advice from Trusts & Estates Technical (Trusts)
Change of contact to Helen Adamson

published amendments

Trust management expenses: allowable expenses: specific items: travel and subsistence costs
Spelling error
Introduction to trusts: new trusts: trusts with a foreign connection - non-resident trusts
Update short title

published amendments

Legal background to trusts & estates: administrators give assent
Removed link to archived page and amended to show new page.

published amendments

Legal background to trusts & estates: setting up a trust: capital gains
Hyperlinks updated
Legal background to trusts and estates: value of assets transferred from an estate
Hyperlink updated.
Legal background to trusts & estates: administrators - value of transferred assets
Hyperlink
Hyperlink update.
Deceased persons: what personal representatives do
Hyperlink correction
Hyperlink
Hyperlink update.
Change to hyperlink due to changes in CG manual

published amendments

Table of contents: Single notice & single declaration arrangements for trusts
Links to TSEM3052 archived.
An outline of the single notice arrangement for trusts
Page archived
Page archived

published amendments

Table of contents: Single notice & single declaration arrangements for trusts
Table of contents: Single notice & single declaration arrangements for trusts archived

published amendments

Trust Income and Gains: Table of contents
Link to Single notice & single declaration arrangement for trusts archived

published amendments

Deceased persons: definition of period of administration
Address change in last paragraph from Edinburgh to Cardiff.
Address change in last paragraph change from Edinburgh to Cardiff.
Seeking technical advice from Trusts & Estates Technical (Trusts)
Changes to reflect the fact new guidance on receiving technical help that is available on the T&V pages.

published amendments

Trust income and gains: vulnerable beneficiaries: vulnerable person election - form VPE1
change link to form to GOV.UK and added office to send completed form
Trust income and gains: Sub-fund elections - the election form SFE1
Amended HMRC link and added office to send completed form.
Introduction to trusts: new trust: administration period followed by a trust
Added page CG30700 and added TSEM1420.
Introduction to trusts: new trusts: trusts with a foreign connection - foreign law trusts
Change Nottingham's title.
Introduction to trusts: new trusts: the correct trust office: UK resident trust
Amend office details.
Introduction to trusts: new trusts: public guidance
Changed web address for guidance.

published amendments

Deceased persons: what personal representatives do
Added Cardiff address. Changed CG30210 to CG30200.
Deceased persons: a brief introduction to periods of administration
Removed some content that is no longer relevant
Deceased persons: unsolicited returns
Amended to show Cardiff office rather than Edinburgh
Deceased persons: tax reliefs for personal representatives - how to allow relief
Amended office
Deceased persons: responsibilities of HMRC Administration of Estates Cardiff - complex cases
Amended office from Edinburgh to Cardiff

published amendments

Deceased persons: beneficiaries of estates: how to check income from an estate
Amended office address from Edinburgh to Cardiff
Deceased persons: beneficiaries of estates - entries on tax return
Office amended from Edinburgh to Cardiff
Deceased persons: beneficiaries of estates - tax rules
Office updated from Edinburgh to Cardiff
Deceased persons: administration periods: failure to agree the tax liability
Amended office address.

published amendments

Settlements legislation: capital sums paid to settler: instructions about ITTOIA/S641
Change to Edinburgh for submissions
Settlements legislation: capital sums paid to settlor: ITTOIA/S633
Change to Edinburgh
Settlements legislation: capital sums paid to settler: Submissions to Trusts & Estates Technical Edinburgh
Submissions to Edinburgh and not Nottingham

published amendments

Trust management expenses: bare trusts: exception
Update middle para to clarify.
Introduction to trusts: new trusts: the correct trust office: UK resident trust
Changed postcode

published amendments

Introduction to trusts: new trust: new appeal fund
Changed TSEM 1410 to 1420.
Introduction to trusts: new trust: new trust claims charitable status
Amended Nottingham's title
Introduction to trusts: new estates: complex estates
Removed Edinburgh, Nottingham addresses and Trusts & Estates Redruth and added Cardiff's address.
Trust income: trustees receive mineral royalties
Changes to account for new legislation.

published amendments

Deceased persons: responsibilities of HMRC Administration of Estates Cardiff - complex cases
Amended format
Reword guidance.

published amendments

Introduction to trusts: new estates: complex estates
Spelling mistake corrected

published amendments

Introduction to trusts: new trust: administration period followed by a trust
connecting link to TSEM 1420
Introduction to trusts: new trust: new appeal fund
Added link to TSEM1420
Introduction to trusts: new trust: new trust claims charitable status
Connecting links to TSEM page
Introduction to trusts: new estates: complex estates
Connecting links to the TSEM page
Introduction to trusts: new trusts: the correct trust office: UK resident trust
Reconnected links to TSEM pages

published amendments

Introduction to trusts: new trust: administration period not followed by a trust
Address changed.

published amendments

Introduction to trusts: new trusts: the correct trust office: UK resident trust
Amended typo

published amendments

Deceased persons: small estates: issuing returns
Removed irrelevant content added Cardiff office

published amendments

Introduction to trusts: supplementary deeds deed of variation or family arrangement
Reference to 41g removed and trusts registration added
Introduction to trusts: trust deeds: unrequested trust deed - new trust
Removal of reference to 41G and Trust registration added.

published amendments

Enquiry work: trusts - trust deeds
Clarification on how to get help
Introduction to trusts: types of trust: Trusts & Estates offices: trust status - mandatory submission
Clarification on where and when to send for advice
Introduction to trusts: types of trust: offices outside Trusts & Estates: trust status - mandatory submission
Clarification on when and where to send for advice.

published amendments

Introduction to trusts: new trusts: use of form 41G(Trust)
Archiving text added

published amendments

Introduction to trusts: new trusts: contents
New pages added to Contents page 1402 & 1403
Links to 169129, 169130,169131, 169132, 169133 archived

published amendments

Settlements legislation: contents
Added page TSEM4004

published amendments

Trust income and gains: trustees - beneficiary receives trust income directly
Removal of the term 'mandated income' as it was causing confusion for our customers.