Settlements
Absolute divestment of trust property
Absolute entitlement
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
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
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
Sub-funds
Termination of life interests (on death)
Termination of life interests (otherwise than on death)
Transfers of property into
Transfers of value
Trustees
Unmarried settlor
Capital sums paid to settlor
Cessation of annuity
Charitable trusts
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
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
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
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
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
Settlor, meaning
Settlor-interested settlements
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
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
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
Without interests in possession
Accumulation and maintenance trusts
Associated operations
Ten-year charge