– see also Settlements without interests in possession

Capital gains tax

Commentary – Essential Tax Companion ¶15070
Legislation/Regulatory – TCGA92 s. 239, 239ZA

Close companies, dispositions by

Generally

Legislation/Regulatory – SP E11

Not a transfer of value

Legislation/Regulatory – IHTA84 s. 13(1)
HMRC Guidance – CG36040 ; IHTM42940 ; IHTM42950 ; IHTM42960 ; IHTM42961 ; IHTM42962

Participators as beneficiaries

Legislation/Regulatory – IHTA84 s. 13(2), (3)

Trustees' powers

Legislation/Regulatory – IHTA84 s. 13(4)

Exempt transfers

Benefit for participators

Legislation/Regulatory – IHTA84 s. 28(4)
HMRC Guidance – CG33581 ; CG36040 ; IHTM42915 ; IHTM42948 ; IHTM42950

Settled shares in/securities of company

Legislation/Regulatory – IHTA84 s. 28
HMRC Guidance – CG36020 ; CG36101 ; IHTM14318 ; IHTM42901 ; IHTM42950 ; IHTM42951 ; IHTM42964

Trustees' shareholding

Legislation/Regulatory – IHTA84 s. 28(2)
HMRC Guidance – IHTM42948 ; IHTM42950

Trustees' voting powers

Legislation/Regulatory – IHTA84 s. 28(3)
HMRC Guidance – IHTM42950

Inheritance tax

Disposition not a transfer of value

Commentary – Essential Tax Companion ¶16465

Distributions within two years of death

Commentary – Essential Tax Companion ¶62620

Generally

Commentary – Essential Tax Companion ¶62590

Property leaving

Commentary – Essential Tax Companion ¶62595

Property becoming comprised in second settlement

Legislation/Regulatory – IHTA84 s. 86(1), (3), (5)
HMRC Guidance – IHTM42911 ; IHTM42912 ; IHTM42913 ; IHTM42914 ; IHTM42915 ; IHTM42922 ; IHTM42923 ; IHTM42924 ; IHTM42925 ; IHTM42926 ; IHTM42927 ; IHTM42929 ; IHTM42937 ; IHTM42940 ; IHTM42941 ; IHTM42945 ; IHTM42946 ; IHTM42948 ; IHTM42950 ; IHTM42970 ; IHTM42971 ; IHTM42990 ; IHTM42991 ; IHTM42996 ; IHTM42997

Property coming into

Legislation/Regulatory – IHTA84 s. 75
HMRC Guidance – IHTM35182 ; IHTM42901 ; IHTM42948 ; IHTM42973 ; IHTM42990

Property leaving trust

Legislation/Regulatory – IHTA84 s. 72
HMRC Guidance – IHTM42922 ; IHTM42940 ; IHTM42941 ; IHTM42945 ; IHTM42946 ; IHTM42962 ; IHTM42970 ; IHTM42981 ; IHTM42982 ; IHTM42983 ; IHTM42984 ; IHTM42985 ; IHTM42986 ; IHTM42990 ; IHTM42997

Relevant property

Legislation/Regulatory – IHTA84 s. 58(1A)-(1C)

Trading or business expenditure

Commentary – Essential Tax Companion ¶5825

Treated as one settlement

Legislation/Regulatory – IHTA84 s. 86(1)-(4)

Trustees, relief for disposals

Legislation/Regulatory – TCGA92 s. 239, 239ZA