IHT & Trusts Newsletter - August 2008
Wednesday, 20th August 2008
On 20th August 2008, HMRC published the August edition of the IHT and Trusts Newsletter. It includes articles on the transferable nil rate band, the inheritance tax account, the need to complete an IHT100 for transactions under section 144 of the 1984 Act, Northern Rock shares, a change of email addresses and a change of policy about notification of the newsletter by email.
How to use the Remittance Basis of Taxation from 6 April 2008
Wednesday, 23rd July 2008
From the horse’s mouth, so to speak. HMRC have published guidelines on the use of the remittance basis under the new provisions.
Finance Act 2008
Tuesday, 22nd July 2008
The Finance Act 2008 has received Royal Assent.
The Non-resident Landlords Scheme
Friday, 11th July 2008
HMRC have published replacement forms and notes for the Non-resident Landlords Scheme.
Treatment of Northern Rock shares for the purposes of inheritance tax relief
Wednesday, 9th July 2008
HMRC have released a question and answer document dealing with the position where an individual died between 22 February 2007 to 21 February 2008 owning shares in Northern Rock, and the shares were subsequently taken into temporary public ownership before either being sold by the personal representatives or transferred to a beneficiary of the will or under the deceased’s intestacy.
Draft guidance on transfers of unused nil rate bands
Thursday, 19th June 2008
HMRC have published draft guidance on transfers of unused nil rate bands, which they will incorporate into the Inheritance Tax manual in due course.
