TSEM - Recent changes to this Manual
Below are details of the amendments that were published on 24 March 2004 (see the update index for all updates).
CHAPTER 1 – AN INTRODUCTION TO TRUSTS
CHAPTER 2 – TRUST ENQUIRIES
CHAPTER 3 – TRUST INCOME AND GAINS
CHAPTER 4 – SETTLEMENTS LEGISLATION
CHAPTER 5 – TRUSTS FOR PARTICULAR PURPOSES
CHAPTER 6 – LEGAL BACKGROUND TO TRUSTS AND
ESTATES
| Section | Title and details of the update |
 | CHAPTER 1 – AN INTRODUCTION TO TRUSTS |
| TSEM1415 | The trust offices
Some text has moved to the new TSEM1416 |
| TSEM1416 | Specialist offices in IR
Trusts
This is a new section |
| TSEM1620 | Submissions to technical
specialists - submissions to IR Trusts Director's Office
This section has been expanded and updated, and the title has changed to reflect this. |
| TSEM1711 | Unrequested documents
– established trust
Text expanded to make it clearer |
| TSEM1865 | Errors in Trust Deeds
(Deed of rectification)
The guidance in this section has changed. |
| TSEM1870 | Errors made by Trustees
(the Hastings-Bass Principle)
This is a new section |
| CHAPTER 2 – TRUST ENQUIRIES |
| TSEM2125 | Trust deeds
Text expanded to make it clearer |
| TSEM2130 | About full enquiries
Some text has been changed to clarify the procedures |
| CHAPTER 3 – TRUST INCOME AND GAINS |
| TSEM3275 | Loans written off
The guidance in this section has changed. |
| TSEM3757 | Income of Trust
Beneficiary - Discretionary payment from trust capital
Some text has been changed to make it clearer |
| TSEM3850 | Trust Income and Gains:
Enquiry into income from a trust or estate: Table of contents
The title of this section has changed |
| TSEM3865 | Enquiry into income
received from a trust – how to check entitlement from a
non-discretionary trust
The title of this section has changed |
| CHAPTER 4 – SETTLEMENTS LEGISLATION |
| TSEM4005 | Introduction to the
Settlements legislation
Text expanded to add further information. |
| TSEM4015 | Effects of the
Settlements legislation
Some text has been changed to make it clearer |
| TSEM4105 | Interpretation of
statutory definition of settlement
An introductory paragraph has been added |
| TSEM4110 | Restrictions to the
definition of settlement
Important statutory exemptions added |
| TSEM4200 | Settlor retains an
interest
This section has been expanded and an example has been added |
| TSEM4215 | Settlements legislation -
partnerships
Cross-reference updated and five examples added |
| TSEM4225 | Dividend waiver - When
Settlements legislation may apply
One example has been deleted and two more added. |
| TSEM4300 | Settlement for unmarried
minor child
Two more examples have been added |
| TSEM4320 | Summary –
Application to Non trust Situations
This is a new section |
| TSEM4325 | Summary – factors
to look for
This is a new section |
| TSEM4350 | Summary - Additional
examples where settlements legislation applies
This is a new section |
| TSEM4355 | Summary - Additional
examples where settlements legislation does not apply
This is a new section |
| TSEM4570 | Treatment of income in
hands of beneficiary
This section has been expanded |
| CHAPTER 5 – TRUSTS FOR PARTICULAR PURPOSES |
| TSEM5060 | Summary for employee
benefit trust: non-resident trustees (NRT39)
Change in procedure when a non-resident trust appoints a UK-resident trustee |
| TSEM5355 | Summary for FURBS:
non-resident trustees (NRT40)
Change in procedure when a non-resident trust appoints a UK-resident trustee |
| CHAPTER 6 – LEGAL BACKGROUND TO TRUSTS AND ESTATES |
| TSEM6281 | Unit trust
Cross-reference to IM updated |
