Trusts

Has a shareholder acquired control of a company through his role as a trustee?

Does a written agreement constitute a trust and therefore allow a main residence exemption claim?

P Routier and CA Venables (Coulter’s Executors) v CRC, Chancery Division

J Groves (TC3974)

Will a delay in a declaration of trust mean a loss of main residence relief?

Dr RM Hughes (TC3866)

The continued importance of flexible will trusts for inheritance tax purposes

Is there a tax-free benefit in transferring main residences to an existing trust?

The latest consultation on calculating charges could be the final nail in the coffin

Transfer of assets abroad rules and a capital distribution from an overseas trust

Will mortgage interest be fully allowable if only part of the property is owned?

HMRC have published a third consultation document on simplifying the inheritance tax (IHT) treatment of relevant property trust charges.

The document’s proposals aim to prevent taxpayers reducing their IHT liabilities by setting up multiple trusts for their heirs, each with a £325,000 tax-free allowance.