Personal representatives
'tell us once' service
Accounting basis
Accounting for VAT
Accounts
Accounts, delivery of
Accrued income scheme
Accumulations of income
Generally
Gifts to minors
Inheritance tax
Acquisition of assets by
Acquisitions subject to excise duty by non-taxable persons
Acting without authority
Actuarial valuations
Adjusting probate value
Administrator, as
Agents, appointment of
Generally
Liability for
Review of arrangements
Allowances, not available to
As trustees
Assessment
Generally
Interest overpayments
Notification
Assessment on
Assessments
Generally
Notification
Assessments on
Asset sales by
Assets acquired by on death
Authority of
Body, treatment as
Business carried on by
Capacity
Capital gains tax
Allowable expenditure
Annual exempt amount
Annual exemption
Appeals, determination or agreement
Disposals
Expenses in administration of estates and trusts
Expenses, allowable expenditure
General provisions
Legatees
Liability
Liability for tax
Losses
Private residence relief
Rate
Rates
Taper relief
Upper rate gains
Variation of dispositions taking effect on death
Capital losses on death
Change of
Accounting basis
Generally
Charge to tax
Charge to tax on income paid to beneficiaries
Chargeable gains
Acquisitions
Annual exemption
Charge to tax
Deed of family arrangement
Disposals
Exemptions and reliefs
Expenses
Generally
Liability
Losses
Private residence relief
Qualifying corporate bonds
Rate of tax
Taper relief
Transfer of asset to legatee
Claims against personal representatives by non-beneficiaries, limitation
Claims by personal representatives, limitation
Commissioners' regulations
Company distributions
Company share option plans
Completion of administration
Complex estates
Courts, applications to exercise powers
Generally
Interference by court
Custody and possession of the body
Dealings with property traders
Generally
Debts
Deed of variation
Deceased beneficiaries
May decline to participate
Need to advise PRs of
Party to
Definition
Generally
Income tax and CGT
Inheritance tax
Disposal of assets by
Disposal of body
Distinction between trustees and
Documents, obligation to disclose
Accounting documents
Core documents
Court's supervisory function
Legal professional privilege
Proprietary right
Domicile of, irrelevance for tax purposes
Duty of care
Entity separate to those who comprise it
Estate registration
Estates that are not complex
Executors acting as
Exempt transactions
Expenses
Entitlement to reimbursement out of trust funds
Generally
Incidence of expenses in the estate
Interest on
Properly incurred expenses allowed
Expenses incurred by
Fair dealing role
Gains from policies and contracts
Gains on life policies, life annuity contracts
Gathering of deceased's assets
Generally
Grant of representation
Implications of IPFDA 1975
Importance of submitting income tax and CGT returns
Income tax
Aggregate income of estate
Deductions and reliefs
Distributions to beneficiaries
Generally
Informal arrangements
Interest
Liabilities
Notification of person's death
Residence
Returns
Year of death
Indemnities re tax paid
Informal payments of total tax liability
Inheritance tax
Delivery of accounts
Excepted estates
Exceptions and limited liability
Forms
Grant of probate
Information requirements
Letters of administration or confirmation
Liability
Limitation of liability
Loans to pay
Payment of tax
Reimbursement
Tax burden, allocation
Time for payment
Insolvent estates
Legacies, interest payable thereon
Liability for tax
Extent
Generally
Intermeddling
Liability for tax of deceased
Capital gains tax
Generally
Inheritance tax
Liability of
Generally
Income tax and CGT
Inheritance tax
Liability to tax, foreign income of non-UK domiciled deceased
Lloyd's underwriters, carrying on business
Losses of
Lump sums paid to for copyright etc.
Maladministration, liability for
Accounts
Assessment of loss
Contribution between representatives
Court's powers
Defences
Devastavit, meaning
Examples and types of devastavit
Indemnity from will
Profits, accounting for
Wilful default
Meaning
MIRAS
Nature of the interests in the deceased's estate
Non-resident capital gains tax
Non-residents, deposit-takers deduction of tax at source
Notification of acquisition
Obligations of
Occupation by beneficiary of estate
Occupation of deceased's property
Overview of available loss reliefs
Partnerships
Payment of tax
Pension schemes
Insurance company, information to be provided by
Returns
Scheme administrators, information to be provided by
Persons, not individuals
Position of
Powers of accumulation
Generally
Gifts to minors
Inheritance tax
Powers of appropriation
Effect of exercise
Generally
Self-appropriation
Powers of delegation
Agents, identity and agency terms
Nominees and custodians
Powers of investment
Advice, duty to take
Common law principles
General power
Standard investment criteria, duty to have regard to
Wide statutory powers
Powers of land management
Acquisition of freehold and leasehold land
Beneficiaries, delegation of powers to
Consultation with beneficiaries
Generally
Powers of management and administration
Powers of sale
Chattels
General considerations
One of several personal representatives
Purchaser, position of
Retention of land
Sale of land
Shares, sales of
Sole personal representative
Powers to assent property
Effect of
Form of
Generally
Retraction of
Powers to insure property
Powers to make agreements or compromises on external questions
Counsel's opinion
Duty in exercising
Extension of power by will
Legal advice, obtaining
Power to bind others
Restrictions
Wide statutory power to compromise
Powers to raise tax
Primary liability of for IHT
Private residence relief
Profit sharing schemes
Property businesses
Qualifying corporate bonds
Refusal of grant of representation where tax unpaid
Remittance basis not available
Removal and replacement of
Application to alter representation
Appointment of judicial trustee
Costs
Each form of relief open to court
Generally
Judicial remedies
Misconduct
Principles on which court acts
Substitution
Remuneration
Repayment supplement
Reporting death to HMRC
Reporting requirements
Representative, meaning
Residence
Residence of
Capital gains tax
Generally
Income tax
Residuary beneficiary, distributions to
Responsibilities and duties
Returns
Returns, failure to make
Revenue and Customs contact centres
Risks for
Secondary liability of for IHT
Self-dealing, rule against
Business partners, agreement with
Co-administrator, agreement with
Co-executor, agreement with
Company, interest in
Exclusion of the rule
Generally
Purchase of beneficial interest (fair dealing rule)
Spouse of personal representative, agreement with
Settlement of estate expenses, debts and liabilities
Single and continuing body
Sole trader
Stamp duty land tax
Acquisition of dwelling by property traders
Assets and appropriations by
Generally
Sums paid to trustees, rate of tax
Tax considerations
Capital gains tax liability
Generally
Income tax liability
Inheritance tax
Trade/business carried on by
Generally
Limited companies
Partnerships
Sole trader
Transfer of securities
Trustees, distinction between
Validity of will
Valuation unknown amounts
Vesting in
Winding up estate