– see also Settlements without interests in possession; Trusts

Beneficiaries, age and class

Legislation/Regulatory – ESC F8 ; IHTA84 s. 71(1), (2)
HMRC Guidance – IHTM42809 ; IHTM42810

Charge to tax

Legislation/Regulatory – IHTA84 s. 71(3)-(6) ; TB10/01-3 ; TB12/00-6
HMRC Guidance – IHTM04099

Deed of appointment

Case Law – Maitland's Trustees v. Lord Advocate. [1982] BTC 8,054

Features of

Commentary – Woolley on Financial Planning with Trusts 3.1.4

Gifts

Hold-over relief

Commentary – Tax Reporter ¶548-800

Potentially exempt transfers

Commentary – Tax Reporter ¶601-850

Income, treatment

Legislation/Regulatory – SP 8/86

Inheritance tax after creation

Commentary – Woolley on Financial Planning with Trusts 8.4.4

Lifetime gifts to

Commentary – Woolley on Financial Planning with Trusts 8.3

Meaning

Commentary – Tax Reporter ¶350-675 ; Woolley on Financial Planning with Trusts 3.1.4Woolley on Financial Planning with Trusts ¶42

Potentially exempt transfers

Legislation/Regulatory – IHTA84 s. 3A(1A), (3), (3B)

Power of appointment

Legislation/Regulatory – SP E1
Case Law – Lord Inglewood and Anor. v. Inland Revenue Commissioners. [1982] BTC 8,063

Pre-22 March 2006

Generally

Commentary – Tax Reporter ¶364-450 ; Tax Reporter ¶364-475

Statutory requirements

Commentary – Tax Reporter ¶364-475

Tax treatment of trusts to which IHTA 1984, s. 71 applies

Commentary – Tax Reporter ¶364-480

Property settled on or after 22 March 2006

Legislation/Regulatory – IHTA84 s. 3A(1A), (3A), (3B), 71(1A), (1B)