Direction by HMRC

Conditions to be fulfilled

Commentary – Tax Reporter ¶364-870 ; Tax Reporter ¶652-000

Control over

Commentary – Tax Reporter ¶364-900 ; Tax Reporter ¶652-300

Exceptions to exemption

Commentary – Tax Reporter ¶364-895 ; Tax Reporter ¶652-250

Property comprised in the fund itself

Commentary – Tax Reporter ¶364-885 ; Tax Reporter ¶652-150

Property maintained by fund

Commentary – Tax Reporter ¶364-880 ; Tax Reporter ¶652-100

Trustees, requirements as to

Commentary – Tax Reporter ¶364-890 ; Tax Reporter ¶652-200

Trusts of the fund

Commentary – Tax Reporter ¶364-875 ; Tax Reporter ¶652-050

Generally

Commentary – Tax Reporter ¶279-150 ; Tax Reporter ¶364-860 ; Tax Reporter ¶646-550 ; Tax Reporter ¶651-900

Government policy

Commentary – Tax Reporter ¶355-700

Holdover relief for gifts

Commentary – Tax Reporter ¶548-800

Income tax treatment

Commentary – Tax Reporter ¶355-750

Interest in possession

Commentary – Tax Reporter ¶363-125

Property leaving the fund

Amount taxable

Commentary – Tax Reporter ¶364-950 ; Tax Reporter ¶652-800

Application of funds permitted

Commentary – Tax Reporter ¶364-930 ; Tax Reporter ¶652-600

Charity or exempt body, transfer to

Commentary – Tax Reporter ¶364-925 ; Tax Reporter ¶652-550

Generally

Commentary – Tax Reporter ¶364-910 ; Tax Reporter ¶652-400

Occasions of charge

Commentary – Tax Reporter ¶364-945 ; Tax Reporter ¶652-750

Payments to settlor or spouse/civil partner

Commentary – Tax Reporter ¶364-920 ; Tax Reporter ¶652-500

Rates of tax

Commentary – Tax Reporter ¶364-955 ; Tax Reporter ¶652-850

Tax chargeable

Commentary – Tax Reporter ¶364-940–Tax Reporter ¶364-955 ; Tax Reporter ¶652-750–Tax Reporter ¶652-850

Tax not chargeable

Commentary – Tax Reporter ¶364-910

Transfer to another fund

Commentary – Tax Reporter ¶364-915 ; Tax Reporter ¶652-450

Trustees

Commentary – Tax Reporter ¶364-890 ; Tax Reporter ¶652-050