Compliance & excepted estates


HMRC are piloting a change in the way that they monitor of excepted estates
and tackle non-compliance. Until now, in addition to a random selection of
estates, the...
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Minutes of IHT and TACT Meeting.

Thursday 11 February 2010

Present: IHT: Tony Key, Ken Waite, Sarah Kelsey, Simon Thompson and Colin Varney.

TACT: Paul Saunders (Barclays Wealth), Michael Cou...
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HMRC toolkits

Six free toolkits to help agents avoid common errors when filing clients’ returns were published on 17th May 2010 by HM Revenue & Customs (HMRC).

The toolkits, which concern 2009-...
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Chris Bara
HMRC Trusts, IHT, and CGT Policy
G45-48
100 Parliament Street
London SW1A 2BQ
Dear Mr. Bara


In the March 2010 Budget, proposals were included for the adjustment of income tax bet...
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Code of Practice

A Overall

A1. Integrity

A TACT member must conduct its business with integrity.

A1.1 Members will ensure that their key persons and officers work with the highest integr...
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ALAN WRIGHT -BBC PRESENTER AND AFTER-DINNER SPEAKER
In 1998, two of the major events on the calendar in Northern England were the European Presidency Meeting of Ministers, and the launch of the new R...
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Consultation : Inheritance Tax : Simplifying Charges on Trusts - the next stage

Inheritance Tax: Simplifying Charges on Trusts – the next stage
Consultation document published by HMRC on 31 May 20...
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Inheritance Tax: Simplifying Charges on Trusts – the next stage
Consultation document published by HMRC on 31 May 2013

The Association of Corporate Trustees (TACT) is the membership organisation o...
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Present

HMRC Tony Key, Ian Hempstead
TACT Mike Coulshed, Paul Saunders


1. Compensation payments

Question
There are significant issues around the taxation of the various different redres...
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Members and potential members are referred to this useful checklist kindly prepared for TACT by Keith Wallace of Reed Smith LLP.

Please view the checklist by clicking on this More Details

TACT

W J Stephenson,
3 Brackerne Close,
Cooden,
Bexhill on Sea,
East Sussex
TN39 3BT

Phone/Fax: 01424 844144
--------------------------

E-mail: tact@cooden.fsbusiness.co.uk
tact@cooden.fsbusiness.co.uk

THE TACT REVIEW

Index - Issues 1 to 21

 

The articles published in the Review are for general guidance and education only. They do not necessarily represent the views of the Association. Reliance should not be placed on these articles, nor should decisions be taken on the basis of the articles, without specific advice being taken.



Subject Title Author
Issue
Bankruptcy How does bankruptcy of settlor affect the trust? Adrian Wallace
17
Beneficiaries Tracing Beneficiaries Stephen Rigden (1999)
7
Certificates Reproduction of birth death and marriage certificates Martyn Frost (2000)
13
Chattels CGT and Chattels Anastasia Tennant (2001)
16
Collective investment schemes Collective investment schemes in the changing environment Brian Wright (1996)
1
Why OIECs Keith Wallace (1999)
7
Contaminated Land Trustees at risk Owen Lomas and Ross Fairley (2000)
12
Crest Depository Instruments The Twenty Questions you were too embarassed to ask Keith Wallace (2001)
16
Data Protection Data Protection Act 1998 Miles Shillingford (2000)
11
Debenture trusts Debenture trustees Lynne Counsell (2002)
18
High yield bond restructuring Lyndon Norley and James Spraygreen (2002)
21
Divorce Pension sharing and divorce Maria Riccio (1999)
7
Employee benefits Cameron v Mack Gregory Morris (2002)
20
Corporation tax deductions and employee benefit trusts (2002) Gregory Morris (2002)
20
The new all employee share plan - can you be trusted Monica Ma (2000)
12
Equitable compensation The taxation of equitable compensation Richard Wilson (2002)
18
Euro Legal and practical issues in the run-up to the introduction of the Euro Dorothy Livingstone (1997)
3
Family Provision Personal representatives and I(PFD)A claims Sidney Ross (2002)
20
Fiduciarity What are the dangers and can you avoid them Keith Wallace (2000)
13
Fraud Probate fraud Peter Jeffereys (2000)
13
Inheritance Tax Loan Schemes Richard Wilson (2001)
14
Inheritance tax Benham's will trust - RIP Brian Walsh (1999)
9
The further decline and fall of Benham Paul Hewitt (2000)
11
Insolvency Distributions of personalty; beware the trustee in bankruptcy Catherine Burton (1999)
7
The trustee in bankruptcy and the pensioneer trustee Catherine Burton (2000)
12
Intestacy A comparison of the English and Scottish rules of intestacy John Gorham (1999)
8
Investment A trustee's liability for failure to invest for the benefit of all beneficiaries of a trust Martyn Frost (1998)
5
Ethical investment Keith Cutler (2000)
10
Is there a legal duty to vote shares Simon Hartley (2001)
15
More investment problems Tony Sherring (1997)
4
Performance measurement for trustees Stuart Fraser (1998)
5
Trusts, controlling interests and nominee directors Christopher Cant (2002)
18
Legacies Interest on pecuniary legacies to executors Martyn Frost (1997)
2
Litigation Beddoes applications post CPR Sarah Asplin (2001)
17
How arbitration and mediation can help the personal representative and trustee John Ross Martyn (1998)
5
The draft pre-action protocol for the resolution of probate and trust disputes Constance Mahoney (2002)
18
Using the court to solve trustee problems Dawn Goodman (1996)
1
Loan capital Auditor's certificates Stephen Norton (1999)
8
Negligence A trustee's liability for failure to invest for the benefit of all beneficiaries of a trust Martyn Frost (1998)
5
Exoneration Clauses Martyn Frost (1998)
5
Grimm v Newman Maria Oats and Hilary Carter (2002)
19
Liability of directors of a corporate trustee David Pollard (1999)
9
Professional relationships Maria Oats (2000)
10
The decision in HR v Japt Ian Hammond (1997)
4
Trustee exoneration clauses Martyn Frost (1999)
5
Trustees liability for professional negligence Phillip Vaughan (1997)
4
Pensions Early retirements Peter Lester (2001)
17
New labour, new pensions Joanne Hindle (1999)
6
Overpaymentd to pension scheme beneficiaries Andrew simmonds QC (2000)
11
Pension sharing on divorce Jeremy Harris (2001)
14
Pension sharing on divorce Maria Riccio (1999)
7
Stakeholder pensions - who holds the stake? Richard Thomas (1999)
6
The trustee in bankruptcy and the pensioneer trustee Catherine Burton (2000)
12
We all need pensions - the prospect for pension provision Tom Ross (1998)
5
Powers of attorney Scottish continuing powers of attorney Scott Rae (2002)
19
The misuse of enduring powers of attorney Tom Dumont (2001)
15
Trustee powers of attorney Christopher Parker (2000)
10
Probate Probate Court business review Dora Clarke (2001)
14
Regulation Collective investment schemes in the changing environment Brian Wright (1996)
1
Patriot Act - Patriotism's international dimension Arabella Saker (2002)
21
Secret truste Two modern secret trusts Elizabeth Hailstone (1999)
6
Sham trusts Consequence of shama for trustees Sarah Cormack (2000)
13
Sham trusts Philil Laidlow (2000)
12
Sharia Law Trusts and Sharia law John Riches and Christian Micelli (2002)
20
Tax planning Accumulations of income Bob Sheasby (2000)
11
Benham's will trust - RIP Brian Walsh (1999)
9
Capital gains tax on offshore trusts - some recent developments David Rowell (2002)
18
Estate planning Chris Whitehouse (1997)
Offshore trusts: a case study following the 1998 anti - avoidance legislation Ian Taylor (1999)
8
Tracing Tracing into trust funds Mona Vaswani (2001)
17
Trustees Challenges to trustee' exercise of discretion John Smart (2002)
18
How should trustees deal with foreign tax issues Anthony Thompson (2002)
21
Liability of Directors of a corporate trustee David Pollard (1999)
9
Powers and duties Martyn Frost (1999)
9
Ten things a trustte shouldn't say or do Jenny Mceown & Arabella Saker (1999)
9
The decision in HR v Japt Ian Hammond (1997)
4
The effectiveness of trustee exemption clauses Ian Hammond (1997)
4
The millenium bug and trustees' responsibilities Robert West and Clifford Simms (1999)
8
The personal nature of a trustee's risk Geoffrey Shindler (2000)
13
The trustee's lien, X v ABC Simon Taube QC (2000)
10
Trustee Delegation Act 1999 : 10 months on Paul Saunders (2001)
14
Trustee Delegation Bill Paul Saunders (1999)
7
Trustees duty to exercise impartial judgement John Ross Martyn (2001)
17
Trustees powers of attorney Christopher Parker (2000)
10
Twinsectra v Yardley Penelope Reed (2002)
20
Walker v Stones - Should the professional trustee be worried? Nick Swan (2002)
19
Trusts A century of trusts Robin Towns (2000)
10
Accumulations of income Bob Sheasby (2000)
11
Constructive trusts and tipping off Darren Allen (2001)
15
Private Trusts - a survey of the market Martyn Frost (1997)
3
Scots and English trust law Andrew Fleming (2000)
10
Trustee Act 2000 and settled trusts Martyn Frost (2001)
14
Trustee protection Simon Taube QC (2000)
12
Trusts and divorce Catriona Syed (2001)
16
TrustsTrustee Act 2000 isn't just about default powers Martyn Frost (2001)
16
Wills Mutual Wills : Where ther's a will there's a way - or is there? Edward Bragiel (2002)
21
Privileged wills : A timely reminder Christopher Parker (2002)
21
Testamentary capacity Lesley King (2002)
21
Testamentary class gifts to children John Smart (2002)
19
Where there's a will there is a damages claim Sue Carr and Graham Chapman (2001)
15
Wills Act 1837 : Is it obsolescent? Michael Sladen (2001)
15

 
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