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HMRC Trusts and estates newsletters

HMRC issue a variety of trust and estates newsletters. These cover almost anything to do with trusts and estates and contain valuable information. A brief summary and links to the newsletters issued so far are below:

Trusts and estates newsletter: June 2020

This includes information on the following:

  • Trusts - Self Assessment payment on account
  • Trusts helpline
  • Operational update
  • Repayments by ‘Faster payments’
  • Paying by cheque for Inheritance Tax
  • Inheritance Tax and probate webchat and helplines
  • Repayment and ‘nil’ calculations
  • Wet signatures on accounts and returns
  • Change of process for form IHT421
  • Electronic submission of IHT forms
  • Inheritance Tax valuations
  • Reasonable excuse
  • Tax-exempt national heritage property and coronavirus

Trusts and estates newsletter: January 2020

This includes information on the following:

  • Capital Gains Tax payment for property disposal
  • Trust Registration Service
  • Fifth anti-money laundering directive (5MLD) and the extension of the Trust Registration Service update
  • Estate registration – personal representatives
  • Changes to the Direct Payment Scheme – IHT423 update
  • Agent toolkits

Trusts and estates newsletter: April 2019

This includes information on the following:

  • Agent toolkits
  • Acceptances in lieu and the 36% rate of IHT
  • Office of tax simplification review into inheritance tax
  • Technical changes to residence nil rate band
  • New style of probate grant
  • Trust registration service – ongoing development of the current service
  • Trust registration service - consultation on the Fifth anti-money laundering directive
  • Trust customer experience journey
  • Changes to entrepreneurs’ relief rules

Trusts and estates newsletter: December 2018

This includes information on the following:

  • Agent toolkits 
  • Trusts registration service 
  • Taxation of trusts consultation
  • Inheritance tax manual - speciality debts
  • IHT - application for confirmation in Scotland
  • IHT reference for a taxpaying lifetime event
  • Correspondence scanning issues - avoiding delays

Trusts and estates newsletter: August 2018

This includes information on the following:

  • Agents toolkit
  • IHT disclosure of tax avoidance schemes (DOTAS) guidance – update
  • IHT guidance
  • Inheritance tax
  • IHT process – residence nil rate band
  • Trusts registration service
  • Administration period of deceased’s estates: income tax and capital gains tax

Trusts and estates newsletter: special edition April 2018

This includes information on the following:

  • Improvements to our inheritance tax process and timescales
  • When will I hear about my form IHT400?

Trusts and estates newsletter: March 2018

This includes information on the following:

  • Agent toolkits 
  • Trusts registration service
  • IHT payment reference numbers
  • IHT disclosure of tax avoidance schemes (DOTAS) guidance
  • New guidance for non-dom deeming rules
  • Changes to forms R185
  • Updated guidance on errors relating to trusts: rectification, mistake and hastings-bass

Trusts and estates newsletter: December 2017

This includes information on the following:

  • New inheritance tax disclosure of tax avoidance scheme regulations
  • Trusts registration service
  • Making tax easier for trusts and estates with small amounts of savings income
  • Trusts tax reform consultation
  • Agent toolkits
  • Update on changes to the non-dom rules and offshore trusts

Trusts and Estates Newsletter: September 2017

This includes information on the following:

  • Trusts registration service
  • Inheritance tax (IHT) online
  • Trusts - taxable pension lump sum death benefits paid to trusts
  • IHT toolkit
  • Heritage relief - reasonable opening times for access to buildings of outstanding historical or architectural interest
  • Home loan scheme/double trust scheme guidance note
  • Submitting IHT payments
  • Appendix

Trusts and estates newsletter: April 2017

This includes information on the following:

  • Residence nil-rate band (RNRB) and transferable residence nil rate band (TRNRB)
  • Trusts register
  • IHT online
  • Trusts and taxation of index linked loans
  • Administration period
  • Probate fees
  • HMRC News – how to be notified of changes
  • Agent toolkits 2017
  • Appendix

Trusts and estates newsletter: December 2016

This includes information on the following:

  • Civil penalties
  • Finance Bill 2016
  • Trusts register
  • Excepted estates: sales of property during administration period
  • Errors relating to trusts: rectification, mistake and Hastings-Bass
  • IHT online
  • Requesting details of a deceased’s personal tax affairs

Trusts and estates newsletter: August 2016

This includes information on the following:

  • IHT online
  • Complex cases
  • Automatic exchange of information: information for trusts
  • Change in bank giro payslips

Trusts and Estates Newsletter: April 2016

This includes information on the following:

  • HMRC Trusts and estates newsletter: April 2016
  • Budget changes
  • Trusts and estates in administration
  • Ceasing next day delivery through Document Exchange (DX)
  • HMRC news – how to be notified of changes
  • New name
  • Appendix

Trusts and estates newsletter: September 2015

This includes information on the following:

  • Finance (No.2) Bill 2015
  • IHT online
  • IHT treatment of usufructs
  • IHT403 and normal out of income exemption
  • Form 41G (Trust)
  • Trusts and estates manuals

Trusts and Estates Newsletter: June 2015

This includes information on the following:

  • Changes to the 2014-15 Trust & estate tax return. 
  • Finance Act 2015
  • Bereavement service
  • PAYE customers
  • IHT400 timelines
  • Inheritance tax clearance letters
  • Inheritance tax online
  • Amendments to trusts & estates manuals

Trusts and estates newsletter: December 2014

This includes information on the following:

  • Transition of trusts & inheritance tax web content to GOV.UK
  • HMRC bereavement service
  • Autumn statement
  • Toolkits
  • IHT online
  • Trusts & estates manuals

Trusts and Estates Newsletter: August 2014

This includes information on the following:

  • Trusts & estates helplines: withdrawal of our 0845 telephone numbers
  • Finance Act 2014
  • Heritage property
  • Amendments to Trusts & estates manuals

Trusts and Estates Newsletter: April 2014

This includes information on the following:

  • Inheritance tax payments – issue of receipts
  • The Swiss agreement and inheritance tax accounts
  • Changes to the 2013-14 Trust and estate tax return
  • New inheritance tax forms, IHT205, IHT217 and IHT206 – notes to help you fill in the IHT205
  • Exempt excepted estates – deduction of liabilities
  • Telling us about amendments to an IHT400
  • Support for agents
  • Amendments to Trusts & estates manuals

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The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL.