Trust Taxation and Estate Planning, 5th Edition

Author: Emma Chamberlain; Chris Whitehouse
Publisher: Sweet & Maxwell U.K.
ISBN: 9780414059900
Published In: April 2024
Format: Paperback
Jurisdiction: Commonwealth, U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents

Details
This essential text examines the taxation of trusts and is accessible to specialists and non-specialists. There have been many updates in this area of the law since the 4th edition published in 2014 and the 2nd supplement in 2017.

Key features of this new edition:
- Covers all recent case law developments including reservation of benefit, business and agricultural property relief, employee benefits trusts and mistakes
- All chapters on domicile and offshore trusts have been completely rewritten following the 2017 developments
- Contains new chapters on the taxation of residential and commercial property to take account of all the major IHT and CGT legislation taxing non-residents from 2017 and 2019
- Updates the compliance and disclosure chapters in the light of common reporting and requirement to correct
- Updates to all the income tax chapters on trusts
- A new chapter on EU considerations for private clients
Part I - General
- 1. The Trust
- 2. Foreign Entities and Trusts
- 3. EU Considerations for Private Clients
Part II - Residence and Domicile Issues for Individuals
- 4. Residence Status of Individuals Before April 6th 2013
- 5. Residence Status of Individuals from April 6th 2013
- 6. Domicile, Deemed Domicile and Domicile by Election
- 7. Residence of Trustees, Personal Representatives and Companies
- 8. Taxation of Non-residents and Foreign Domiciliaries
Part III - Income Tax
- 9. Non-Settlor-Interested Trusts
- 10. Settlor-Interested Trusts—Income Tax
- 11. Non-Resident Trusts—The Foreign Dimension
Part IV - Capital Gains Tax
- 12. Definitions
- 13. Creation of a Settlement
- 14. Actual Disposals
- 15. Deemed Disposals of Trustees
- 16. UK Resident Settlor-Interested Trusts
- 17. Roll-Over Relief
- 18. Entrepreneurs' Relief
- 19. Incorporation Relief
- 20. Enterprise Investment Scheme Relief and Seed Enterprise Investment Scheme Relief
- 21. Share Sales, Deferred Consideration, Company Buy-backs and Priority of Reliefs
- 22. Hold-Over Relief
- 23. Non-resident Trusts Set up by UK Resident and Domiciled Settlors—the Settlor Charge under s.86
- 24. Non-resident Trusts Set Up by Non-UK Resident, Dead o Foreign Domiciled Settlors: The Beneficiary Charge under s.87
- 25. Offshore Income Gains
- 26. The Disposal of a Beneficial Interest
- 27. Loss Relief
Part V - Inheritance Tax
- 28. Inheritance Tax, Reservation of Benefit and Pre-owned Assets Income Tax—An Introduction
- 29. The 2006 IHT Rules—an Overview
- 30. IHT Definitions and Classifications
- 31. Creation of Settlements
- 32. The Tax Treatment of Qualifying and Non-Qualifying Interests in Possession and Reversionary Interests Including Valuation Issues, Leases and Reliefs
- 33. Purchases of Trust Interests
- 34. Melville Schemes
- 35. When IHT is Charged on Qualifying Interest in Possession Trusts (including Transitional Relief)
- 36. Immediate Post-Death Interests and Interests in Possession Held by Companies
- 37. Taxation of Relevant Property Settlements
- 38. Accumulation and Maintenance (A&M) Trusts
- 39. Excluded Property, Foreign Inheritance Tax Issues and Non-Domiciliaries
- 40. Liabilities
- 41. Reservation of Benefit and Settled Property
- 42. Pre-Owned Assets Income Tax Regime
Part VI - Specialist Topics
- 43. Trusts for Minors and Bereaved
- 44. Trusts for Vulnerable and Disabled Beneficiaries
- 45. Reverter to Settlor Trusts
- 46. Tax Efficient Will Drafting
- 47. Deeds of Variation, Disclaimers and other Post-Death Rearrangements
- 48. Tax Issues for Personal Representatives
- 49. Pilot Trusts
- 50. Bare Trusts
- 51. Tax, Trusts and Divorce
Part VII - Houses, Chattels and Tax Planning Generally
- 52. General Consider