Interest in possession trusts and IHT ― overview

Produced by a Tolley Trusts and Inheritance Tax expert

Trusts and Inheritance Tax

Guidance

This sub-topic begins with an introduction to the tax treatment of all trusts but focusses on interests in possession. Firstly an interest in possession needs to be identified and then we can consider whether it is a qualifying or non-qualifying interest in possession. The IHT treatment of qualifying interests in possession is then considered in detail. The IHT treatment of interests in possession changed in March 2006 and their treatment before that date

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