Absolute divestment of trust property

Absolute entitlement

– see also Beneficiaries

As against trustees

Exercise of power of appointment or advancement

Generally

Accounts, delivery of

Accrued income scheme

Accumulation and maintenance

Acquisition and expenditure for gain

Adjustments between settlor and trustees

Administration of estate not completed

Annual exemption

Anti-avoidance

Capital gains tax

Anti-avoidance provisions

Benefit retained by settlor

Capital sums paid to settlors

Children

Covenanted payments to charity

Family companies

For trusts created on the same day

Generally

Maintenance funds for historic buildings

Meaning of settlement

Settlors

Anti-avoidance, allotment of shares to shareholders' wives

Appellants owning bulk shares in company

Appointment by trustees valid and effective

Appointment, inheritance tax

Exempt government securities

Generally

Arctic Systems case

Asbestos compensation settlements

Availability of relief

Bare trust

Becoming no-resident

Beneficiaries

– see Beneficiaries

Beneficiary's personal exemptions, availability to trustees

Business use of, restrictions

Calculation of exit charge

Calculation of rate of inheritance tax on settled property

Capital distributions

Capital gains tax

Absolute and beneficial entitlement

Appointment of capital, deemed disposal

Assets leaving settlement

Bare trustees

Beneficiaries

– see Beneficiaries

Charge, occasions of

Connected persons

Creation

Disabled persons

Disposal of interest by beneficiary

Disposal of life interest

Dual resident trusts

Flip-flop scheme

Generally

Gifts of business assets

Gifts, connected persons

Hold-over relief

Interest in a settlement

Liability of trustees

Losses where beneficiary absolutely entitled

Nominees

Non-resident

Non-resident trusts

Payments by non-resident trust, identification of settlor

Private residence occupied by beneficiary

Rates

Recovery of tax

Settlor, meaning

Settlors

– see Settlors

Sub-funds

Termination of life interests (on death)

Termination of life interests (otherwise than on death)

Transfers of property into

Transfers of value

Trustees

– see Trustees

Unmarried settlor

Capital sums paid to settlor

Cessation of annuity

Charitable trusts

– see Charities

Children

Children, arrangement constituting

Children, on

Completely constituted trust, date of

Contingent interest meaning

Covenanted payments to charity

Creation

Death

Exemptions

General considerations

Inter vivos

Losses on

Reliefs

Settlor trustee or beneficiary

Transfer of business assets into

Data-gathering powers: relevant data-holder

Death of life tenant, exclusion of chargeable gain

Generally

Gifts of business assets

Inheritance tax, gifts

Death of life tenant, inheritance tax relief on transfer of land

Debts

Deed of appointment of assets

Capital gains tax (CGT) liability

Claim for order

Generally

Depreciatory transactions

Disclaimers

Discovery assessments

Discretionary settlements

Disposal of settled property

Disposition of interest in possession for maintenance of beneficiary's family

Distributions etc from property settled by will

Dividend income paid to wife, income of husband as settlor

Dual resident

Beneficiaries, attribution of gains to

Capital payment, meaning

Companies, payments by and to

Gains of

Gifts of business assets into

Increase in tax payable

Information, power to obtain

Participator, meaning

Settlors with interest in, attribution of gains to

Transfers between settlements

Ending

Enquiries

Entitled to occupy

Meaning

Under the terms of the settlement

Estates in administration

Excepted settlements, delivery of accounts

Excluded property

Excluded property, meaning

Excluded property, persons domiciled overseas

Exemption from ten-yearly charge for heritage property

Exercise of power of appointment or advancement

Exercise of powers, deemed disposal

Extent of settlor's control over application of income

Generally

Gifts

Gifts and similar payments

Gifts of business assets

Gifts subject to reservation

Grandchildren

Generally

Protected settlement, meaning

Heritage maintenance

Historic buildings

Income

– see Trust income

Income arising under

Indefeasible interest

Inheritance tax

Beneficiary, meaning

Creation

Depreciatory transactions

Distributions and appointments by trustees

Election to allocate nil-rate band to a settlement

Generally

Leases for life

Meaning of settlement

Meaning of settlor

Ten-year charge

Trustee, meaning

Variation of an existing settlement

Initial interest in possession

Interaction of income tax and inheritance tax

Interest in possession

Generally

Interest in possession, termination on death

Interest in possession, without

Interest in remainder

Interest in settled property

Deemed disposal of underlying assets

Disposal

Interpretation

Investigation

Investment income

Lease for life

Leases for life

Liability for tax

Maintenance funds for historic buildings

Maintenance payments

Marital breakdown, formal trusts

Meaning

Anti-avoidance legislation

Generally

Inheritance tax

Northern Ireland

One or more than one

Scotland

Miscellaneous and other income

Multiple settlors

Nature of charge

Negotiations

Non-resident

Non-resident trusts

Northern Ireland, meaning

Offshore trusts

One or more than one

Absolute and beneficial entitlement

Capital gains tax

HMRC practice

Inheritance tax

Out-of-court

Outright gift

Overview

Partnership assurance policies

Partnership assurance scheme

Penalties

Perpetuities

Power of appointment over property

Power to obtain information

Powers over

Private residence relief

Property income

Property moving between

Excluded property

Generally

Reversionary interest

Time of

Treated as remaining in first settlement

Protective trusts, interest in possession

Purchased settlement powers

Qualifying asset

Quick succession relief

Rectification

Generally

Increase number of shares transferred to two beneficiaries

Trustees and beneficiaries to qualify for entrepreneurs' relief

Two share acquisition agreements

Related settlements, meaning

Reorganisation or reduction of share capital

Residential lettings by trustees

Residential status of property

Duration of occupation rights

Let property relief, interaction

Occupation

Ownership

Settlor interest rules

User-related restrictions

Retention of interest in settled property

Scottish settlement, meaning

Scottish trusts

Scrip dividends, capital or income

Settled on death

Settled property, meaning

Generally

Income tax

Settlement, meaning

Settlor

– see Settlors

Settlor, meaning

Settlor-interested settlements

Settlors

– see Settlors

Stamp duty land tax

Beneficiaries who are children

Generally

Interests of beneficiaries

Meaning

Sub-fund elections

Sui juris

Survival of appointee

Survivorship clauses

Taper relief

– see Taper relief

Taxation of (settlor alive and UK resident)

Taxation of (settlor dead or not UK resident)

Termination of life interest on death

Generally

Gifts of business assets

Inheritance tax, gifts

Trading income

Transfers between, identification of settlor

Transfers into

Transfers into, domicile of transferor

Transfers of value linked with trustees borrowing

Trustee's appointment, contribution/payment towards costs

Trustees

– see also Trustees

Absolute discretion over wife's occupation of former matrimonial home

Administrative powers

Appointment, meaning of individuals

Asset transfer linked with trustee borrowing

Deed of appointment void

Entitlement to declarations sought

Generally

Non-resident trusts

Residence, double taxation relief

Sale of shares, capital gains tax liability/double taxation relief

Transactions set aside under Hastings-Bass rule

Transfer of trust assets of non-resident settlement to trustees of new UK-resident settlement

Trustees, annuities

Types

Accumulation and maintenance settlements

Bare trust

Charitable trusts

Constructive trust

Discretionary settlements

Estates in administration

Express trust

Implied trust

Land in trust

Protected trusts

Resulting trusts

Tax implications

User-related restrictions

Variation of dispositions

Variation of will or intestacy etc., identification of settlor

Vested interest meaning

Vulnerable beneficiaries

– see Beneficiaries

Without interests in possession

Accumulation and maintenance trusts

Associated operations

Ten-year charge