Succession Taxes

Finance Bill 2019-20 Clause 72 Inheritance Tax: Excluded property

By Ruth Mace on 6 May 2020

The Chartered Institute of Taxation (CIOT) comments on draft Clause 72 Inheritance tax: excluded property of the Finance Bill 2019-20.

Spring Budget 2020

By Ruth Mace on 5 May 2020

The Chartered Institute of Taxation (CIOT) respond to the Treasury Committee inquiry in to the Spring Budget 2020.

Directions for a Further General Stay in relation to Certain Proceedings

By Ruth Mace on 21 April 2020

Further directions issued today by the President of the First-tier tax tribunal, Judge Sinfield, to the Tax Chamber and Tribunal users extending, in relation to certain proceedings, the general stay of all proceedings released on 24 March (as amended and released on 26 March).

Inheritance Tax process changes

By Ruth Mace on 14 April 2020

On 9 April, HMRC supplied the following update about the impact of COVID-19 on the payment of IHT and how to get IHT forms signed under current circumstances.

Fifth Money Laundering Directive and Trust Registration Service

By Ruth Mace on 21 February 2020

The Chartered Institute of Taxation (CIOT) respond to the HMRC consultation on the Fifth Money Laundering Directive and Trust Registration Service.

Inheritance Tax and excluded property added to and transferred between trusts - Draft Finance Bill legislation

By Ruth Mace on 18 September 2019

The Chartered Institute of Taxation (CIOT) responds to the draft legislation regarding inheritance tax and excluded property added to and transferred between trusts.

Transposition of the Fifth Money Laundering Directive - CIOT comments

By Ruth Mace on 11 June 2019

The CIOT comments on the HMT consultation on Transposition of the Fifth Money Laundering Directive.

The Taxation of Trusts: A Review - CIOT comments

By Ruth Mace on 7 March 2019

The CIOT comments on the the HMRC consultation The Taxation of Trusts: A Review.

Amendments to Tax Returns - CIOT response

By Ruth Mace on 5 February 2019

The CIOT response to the HMRC call for evidence on Amendments to Tax Returns.

Commission calls for property and inheritance tax reforms

By George Crozier on 11 May 2018

A new report has called for national insurance for pensioners, replacing council tax with a tax based more closely on property values, halving SDLT and replacing inheritance tax with a lifetime receipts tax.