°Ç¸ç³Ô¹Ï

Skip to main content
HMRC internal manual

Inheritance Tax Manual

From:
HM Revenue & Customs
Published
20 March 2016
Updated:
7 April 2026 - See all updates

IHTM42000 - Relevant property trusts: contents

Introduction

  1. IHTM42001
    Introduction
  2. IHTM42010
    Introduction: Notification of chargeable events

Chargeable events

  1. IHTM42070
    Chargeable events
  2. IHTM42075
    Chargeable events: Set up and additions by settlor

Ten year anniversary (principal charge)

  1. IHTM42081
    Ten year anniversary (principal charge): Introduction
  2. IHTM42085
    Ten year anniversary (principal charge): Tax calculation:the rate of tax: step 1: the notional lifetime transfer
  3. IHTM42086
    Ten year anniversary: Tax calculation: the rate of tax: step 2: the nil rate band available
  4. IHTM42087
    Ten year anniversary: Tax calculation: the rate of tax: step 3: calculating the initial rate of tax
  5. IHTM42088
    Ten year anniversary (principal charge): Assets that have been relevant property for less than the full 10 years
  6. IHTM42089
    Ten year anniversary (principal charge): Relief for double charges
  7. IHTM42090
    Ten year anniversary (principal charge): Adjusting settlor’s PLCT where there are additions before the first TYA
  8. IHTM42091
    Ten year anniversary (principal charge): No date before 1 April 1983 is a TYA

Proportionate charges

  1. IHTM42110
    Proportionate charges: Introduction
  2. IHTM42111
    Proportionate charges: Chargeable transfer
  3. IHTM42114
    Proportionate charges: Calculation of rate before first TYA
  4. IHTM42115
    Proportionate charges: Rate between ten year anniversaries
  5. IHTM42117
    Proportionate charges: Excluded periods
  6. IHTM42118
    Proportionate charges: Grossing
  7. IHTM42119
    Proportionate charges: Loss to the settlement basis of valuation

Relevant property

  1. IHTM42161
    Relevant property: Introduction
  2. IHTM42162
    Relevant property: Capital and income
  3. IHTM42163
    Relevant property: Capital Gains Tax and Income Tax deductions
  4. IHTM42164
    Relevant property: Inheritance tax deductions
  5. IHTM42165
    Relevant property: AR and BR
  6. IHTM42166
    Relevant property: Treatment of income after 6 April 2014

The settlement

  1. IHTM42221
    The settlement: Commencement date of the settlement
  2. IHTM42223
    The settlement: Powers of appointment
  3. IHTM42224
    The settlement: Powers of accumulation
  4. IHTM42225
    The settlement: Non-income producing assets
  5. IHTM42226
    The settlement: Class of beneficiary
  6. IHTM42227
    The settlement: Variations of discretionary trusts in wills (IHTA84/S144)
  7. IHTM42228
    The settlement: Relevant property settlements set up by IOV (IHTA84/S142)
  8. IHTM42229
    The settlement: Property moving from one settlement to another
  9. IHTM42230
    The settlement: Related settlements
  10. IHTM42231
    The settlement: initial qualifying interest in possession of settlor or spouse
  11. IHTM42232
    The settlement: One or more trust?
  12. IHTM42233
    The settlement: Same day additions 
  13. IHTM42234
    The settlement: Same day additions: Exceptions  
  14. IHTM42235
    Same Day Additions: Examples

Trustees

  1. IHTM42240
    Trustees

The settlor

  1. IHTM42251
    The settlor: Who is the settlor
  2. IHTM42252
    The settlor: Charge on the settlor
  3. IHTM42253
    The settlor: More than one settlor
  4. IHTM42254
    The settlor: Gifts with Reservation
  5. IHTM42255
    The settlor: Settlor's PLCT

Foreign element

  1. IHTM42601
    Foreign element: Practice
  2. IHTM42602
    Foreign element: Foreign (excluded) property
  3. IHTM42603
    Foreign element: additional test of domicile
  4. IHTM42604
    Foreign element: offshore trust declaration IHTA84/S218

Other taxes and investigation

  1. IHTM42640
    Other taxes and investigation: Income Tax and CGT on the trust
  2. IHTM42650
    Other taxes and investigation: Heritage
  3. IHTM42660
    Other taxes and investigation: Unquoted shares
  4. IHTM42700
    Other taxes and investigation: Scottish Law issues

Special trusts

  1. IHTM42801
    Special trusts: Summary
  2. IHTM42802
    Special trusts: Flat rate charge
  3. IHTM42803
    Special trusts: Temporary charitable trusts
  4. IHTM42804
    Special trusts: Protective trusts
  5. IHTM42805
    Special trusts: Trusts for disabled persons
  6. IHTM42806
    Special trusts: Employee trusts and newspaper trusts
  7. IHTM42807
    Special trusts: Accumulation and maintenance trusts (A&M)
  8. IHTM42808
    Special trusts: treatment of existing Accumulation & Maintenance (A&M) trusts after 6 April 2008
  9. IHTM42809
    Special trusts: 25 year test for Accumulation & Maintenance (A&M) trusts
  10. IHTM42811
    Special trusts: Charitable, political and Heritage trusts
  11. IHTM42812
    Special trusts: Pension funds
  12. IHTM42813
    Special trusts: compensation and special purpose funds
  13. IHTM42814
    Special trusts: Excluded property
  14. IHTM42815
    Special trusts: Trusts for bereaved minors
  15. IHTM42816
    Special trusts: Age 18 to 25 trusts

Employee benefit trusts

  1. IHTM42900
    Employee benefit trusts: contents