HMRC Trusts and estates newsletters

Trusts and estates newsletter: August 2022

This includes information on the following:

• Reporting a discrepancy in Trust Registration Service data
• Trust Registration Service Data requests
• Posting your IHT400 Inheritance Tax account to HMRC
• New way to pay Inheritance Tax
• Process for Inheritance Tax clearance
• Original documents for Inheritance Tax accounts
• Capital Gains Tax on UK Property Account guidance

Trusts and estates newsletter: April 2022

This includes information on the following:

• Trust Registration Service Deadlines
• Capital Gains Tax on UK Property Account
• Addresses for administration of estates post
• What to do when someone dies step-by-step guide
• Inheritance Tax GOV.UK detailed guidance
• Inheritance Tax YouTube Series
• Improvements to our timeline for form IHT100s for Trust and Lifetime charges
• Changes to the process for clearance for Trust and Lifetime charges form IHT100s
• Use of form C4 corrective accounts

Trusts and estates newsletter: December 2021

This includes information on the following:

• Capital Gains Tax Payment for Property Disposal Service
• Raising standards in the tax advice market
• Inheritance Tax reporting requirements
• Inheritance Tax and Probate application timelines
• Posting original documents to HMRC
• Payment of Inheritance Tax

Trusts and estates newsletter: September 2021

This includes information on the following:

• Trust Registration Service
• Inheritance Tax Checker launched
• New telephone number for the Estate Period of Administration 
• Administration period of Deceased's Estates for Income Tax and Captial Gains Tax

Trusts and estates newsletter: May 2021

This includes information on the following:

• Response to the first Office of Tax Simplification’s review of Inheritance Tax
• Inheritance Tax reporting requirements
• Summary of responses to The Taxation of Trusts: A review
• Trust Registration Service update
• Trusts and Estates with small amounts of savings income

Trusts and estates newsletter: December 2020

This includes information on the following:

• Extension of the Trust Registration Service
• Trust Registration micro service
• Changes to GOV.UK guidance for the Trust Registration Service
• When to apply for a grant of representation

Trusts and estates newsletter: August 2020

This includes information on the following:

• Fifth anti-money laundering directive (5MLD) and the extension of the Trust Registration Service update
• Volunteers needed
• Registrations
• Updating trust details
• Declaration
• Deadlines
• Question 20 on the SA900 tax return
• Closing a trust
• Agent authorisation
• Complex estates
• GOV.UK guidance changes
• Finance Bill 2020
• Electronic submission of IHT400 and IHT100 forms
• New clearance letter and process
• Operational update
• Confirmation of payee checks
• Estates and Capital Gains Tax Disposals
• Agent toolkits - annual refresh 2020

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: August 2019

This includes information on the following:

• Agent Toolkits
• Trust Registration Service
• Trusts and Estates Allowance
• Publication of Lifetime Gifting Research
• Office of Tax Simplification Review into Inheritance Tax – Part 2
• Inheritance Tax – IHT421 Agent Update
• Changes to agent letters issued when the IHT400 is processed
• Administration Period of Deceased’s estate: Income Tax and Capital Gains Tax
• Draft Legislation Released On L-Day

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