Andrew Goldstone and Katya Vagner (Mishcon de Reya) provide the monthly update on the latest tax developments affecting private clients.
HMRC’s trusts and estates newsletter
The September newsletter confirmed that the deadline for registration under the new trusts registration service (TRS) has been extended from 5 October to 5 December 2017. At the time of writing the service is not yet available to agents but is expected to be by the end of October.
Following repeated requests HMRC has now published guidance (see HMRC’s Inheritance Tax Manual at IHTM44120) on the winding up of home loan and double trust schemes whilst a court decision is awaited.
Amongst other topics covered a new IHT online service is now available for submission of IHT205 only (not available to agents); HMRC has introduced new forms to report taxable lump sum death benefits paid to trusts; heritage relief...
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Andrew Goldstone and Katya Vagner (Mishcon de Reya) provide the monthly update on the latest tax developments affecting private clients.
HMRC’s trusts and estates newsletter
The September newsletter confirmed that the deadline for registration under the new trusts registration service (TRS) has been extended from 5 October to 5 December 2017. At the time of writing the service is not yet available to agents but is expected to be by the end of October.
Following repeated requests HMRC has now published guidance (see HMRC’s Inheritance Tax Manual at IHTM44120) on the winding up of home loan and double trust schemes whilst a court decision is awaited.
Amongst other topics covered a new IHT online service is now available for submission of IHT205 only (not available to agents); HMRC has introduced new forms to report taxable lump sum death benefits paid to trusts; heritage relief...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
