IHTM16000 - Settled Property: contents
Introduction to settled property
Settled property - general procedure
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Incoming post |
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Form IHT418 |
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Form IHT 100 |
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The event forms |
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Investigation |
What is a trust
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What is a trust |
Definition of a settlement for IHT
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Introduction |
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The statutory definition |
The trustees
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The trustees |
Interests in possession
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Introduction |
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Finance Act 2006 and the new trust regime |
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Definition of an interest in possession |
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The effects of S49 and S49(1A) |
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What happens if consideration was given? |
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Powers of accumulation |
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What if there is no income? |
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Administrative powers |
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Absolute trusts for minors |
Proper liferents (Scotland)
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Introduction |
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IHT position |
Settled property exemptions
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Exemptions of death |
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Exemptions on lifetime transfers |
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Annual exemptions |
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Restrictions when a reversionary interest is acquired |
Termination of interest in possession
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The effect of terminating the interest |
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When the life tenant becomes entitled to the property on termination |
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Disposal for consideration |
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Deduction of costs |
Interest in part of a fund
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Introduction |
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Value of a share |
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Use and enjoyment of part |
Survivorship clause in a will
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Survivorship clauses in a will |
Reverter to settlor
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On death of life tenant |
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In lifetime |
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Double charges relief |
Rights of residence
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Introduction |
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Action in Primary Compliance & Support |
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Action in Compliance Group |
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The leading case |
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A single beneficiary |
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More than one beneficiary |
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Has someone taken up the right of occupation? |
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Has someone ceased to occupy his or her main residence? |
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Joint ownership |
Surviving spouse exemption
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Surviving spouse exemption |
Quick Succession Relief
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Quick Succession Relief |
Foreign property in a trust
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Introduction |
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When is foreign property excluded property? |
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FOTRA securities |
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Deemed domicile |
Accrued and apportioned income
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Accrued income |
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Apportioned income |
Disclaimers
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Disclaimers |
Leases for life
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Introduction |
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What happens if consideration was given? |
Bankruptcy
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Bankruptcy |
Annuities
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What is an annuity? |
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How to calculate the capital value |
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Examples |
Rights in residue
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Rights in residue |
Interest in possession for services as trustee
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Interest in possession for services as trustee |
Reversions
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What is a reversion for IHT? |
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Treatment for IHT |
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Purchased or mortgaged reversions |
Close companies and settled property
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Introduction |
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How to investigate |
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The taxable amount |
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Foreign element |
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Alterations in capital or rights |
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Close company entitled to interest in possession |
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Example |
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Example of altering rights |
Interest for another person's life
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Interest for another person's life |
