Accrued income scheme

Generally

Passing securities to personal representatives

Transfer of securities to beneficiary

Annual payments

Assets passing into trusts

Beneficiaries

– see Beneficiaries

Capital gains tax

Allowable losses

Donatio mortis causa

Gains and losses before death

Generally

Inheritance tax, interaction with

Insolvency

Interest on unpaid tax

Legatees

– see Legatees

Market value on death

Penalties

Property of which deceased competent to dispose

Scotland

Splitting the tax year

Year of death

Charities, exemption from tax

Deed of variation

Enterprise investment scheme

Equitable and statutory apportionments

Foreign estates

Absolute interest in residue

Definition

Generally

Limited interest in residue

Income tax

Accrued income

Aggregate income of the estate

Apportionment of income

Basis of assessment

Capital allowances

Child tax credit

Deeply discounted securities

Distributions to beneficiaries

Employment income

Enterprise investments scheme

Generally

Interest on unpaid tax

Interest payments

Liabilities

Married couple's allowance

Non-resident beneficiaries

Notification of person's death

Patents

Personal reliefs, year of death

Professions and vocations

Property business

Returns

Settlements, income arising under

Trade profits

Trading income

Trading partnerships

Trading stock

Transition to trust

Year of death, income in

Inheritance tax

Generally

Scotland

Settlements created by survivorship clauses

Specific and pecuniary legacies

Interest on damages

Interests in estates

Legatees

– see Legatees

Loan to pay inheritance tax

Patents

Period of administration

Capital gains tax

Commencement

End of

Income tax

Scotland

Transition to trust

Personal representatives

Post-death planning

Deed of variation

Effect of variation or disclaimer

Election for variation

Importance of

Statutory fiction in respect of variation

Timing of variations and disclaimers

Returns

Transition to trust

Wills

Giving effect to instructions

Intestacy

Trusts

Types of bequest

Validity of

Winding up