HMRC are piloting a change in the way that they monitor of excepted estates. ...
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Following upon a previous meeting in 2007, another meeting of TACT representatives and IRCT was held on 11 February 2010 at which issues raised by members of TACT PTC were raised along with issues remaining unresolved from the 2007 meeting. ...
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Six free toolkits to help agents avoid common errors when filing clients' returns were published on 17 May 2010 by HM Revenue & Customs ...
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TACT have written to HMRC regarding the proposals concerning tax reclaims in Settlor Assessable Trusts ...
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Introduction
TACT (The Association of Corporate Trustees) Code of Practice - Adopted in Full 11 July 2013
The Association of Corporate Trustees is the representative body for professional corporate trustees.
Our members operate in diverse areas of trusteeship and allied operations.
It is recognised that members are subject to regulation, oversight and control by a number of bodies and no code of practice adopted by TACT can or should replace these.
This Code relates to all members and all business.
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Arrangements for the Dinner are now being finalized. It will again be held at The Merchant Taylors’ Hall, 30 Threadneedle Street, London EC2R 8JB
The principal speaker will be ALAN WRIGHT.
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The Association of Corporate Trustees (TACT) is the membership organisation of the UK corporate trustee sector. Its members include trust companies owned by banks and major financial institutions as well as those set up by firms of accountants, lawyers and pension advisors. Those trust companies are responsible for the management of over £1 trillion worth of assets, including sovereign and other debt of over £900 million and occupational pension funds with in excess of 1.25 million members, representing over 10% of that sector

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The Association of Corporate Trustees (TACT) is the membership organisation of the UK corporate trustee sector. Its members include trust companies owned by banks and major financial institutions as well as those set up by firms of accountants, lawyers and pension advisors. Those trust companies are responsible for the management of over £1 trillion worth of assets, including sovereign and other debt of over £900 million and occupational pension funds with in excess of 1.25 million members, representing over 10% of that sector

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Present

HMRC Ton y Key, Ian Hempstead
TACT Mik e Coulshed, Paul Saunders

1. Compe nsation payments

1. Compe nsation payments

Question
There are significant issues around the taxation of the various different redress payments being made at the present time, such as in relation to the PPI mis-selling.
We understand the correct position is that there is no value attributable for IHT purposes on death if the right to compensation had not been established before the date of death. Conversely, if as at the date of death an offer of settlement had been made, the value then on offer would seem to be the appropriate value for IHT purposes.
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Trust Companies, Benefit and Operation Checklist

Members and potential members are referred to this useful checklist kindly prepared for TACT by Keith Wallace of Reed Smith LLP

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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

Loan Capital
Private Trust
Pensions

 

Members offering Executorship and Trustee Services

 

 
Barclays Bank Trust Company Limited
Tony Walker
Tel: 01606 313191 Fax:01606 313005
E-mail:
tony.n.walker@barclays.com

BlauStein Limited
Vadim BlauStein
Trust & Estate Practitioner
Tel: o2o3 514 0590
E-mail: info@blaustein.ni

Capita Trust Company Limited
Sean Martin
Tel: 020 78004135 Fax: 020 78004180
E-mail:
smartin@capitafiduciary.co.uk
 
Clarke Willmott Trust Corporation Limited
Robert Smeath
Tel: 0845 209 1110 Fax: 0845 209 2572
E-mail: robert.smeath@clarkewillmott.com

 

Dickinson Dees (Trust Corporation) Limited

Andrew Playle

Tel: 0191 279 9959 Fax: 0191 2308921

E-mail: andrew.playle@dickinson-dees.com

 

H R Trustees Limited
Graham Withers
Tel: 0118 958 3683
E-mail: graham.withers@hrtrustees.com

HSBC Trust Company (UK) Limited
Lynn Melvin
Tel:
E-mail: 

 
Lawrence Graham Trust Corporation 
Tim Thornton-Jones
Tel: 0207 759 6679 Fax: 020 759 6854
E-mail:
tim.thornton.jones@lawgram.com

National Westminster Bank PLC Trust Estates
Nicholas Dimmock
Tel: 01179 403581 Fax: 01179 403297
E-mail:
nick.dimmock@natwest.com
  
Royal Bank of Canada Trust Corporation Limited
Pauline Gale
Tel: 020 7653 4606 Fax:020 7329 3484
E-mail:
pauline.gale@rbc.com
 
Smith & Williamson Trust Corporation Limited
Wilson Cotton
Tel: 020 7131 4224 Fax:020 7131 4033
E-mail:
wpc@smith.williamson.co.uk
 
Snow Hill Trustees Limited
Richard Mason
Tel: 020 7651 1060 Fax:020 76511953
E-mail:
richard.mason@moorestephens.com
 
Trident Trust Company (U.K.) Limited
Nigel Grant

Tel: 020 7935 1503 Fax: 020 7935 7242

E-mail: uk@tridenttrust.com


Members acting as Loan Capital Trustees

BlauStein Limited
Vadim BlauStein
Trust & Estate Practitioner
Tel: o2o3 514 0590
E-mail: info@blaustein.ni

BNP Paribas Trust Corporation UK Limited
Karen Williamson
Tel 020 7595 3307  Fax: 020 7595 5078
E-mail:karen.williamson@bnpparibas.com
Helen Tricard
Tel: 020 7595 0807  Fax: 020 7595 5078
E-mail:helen.tricard@bnpparibas.com

Capita Trust Company Limited
Helena GilesTel: 020 3367  8744 Fax: 020 3170 0246
Email: hgiles@capitafiduciary.co.uk

Citicorp Trustee Company Limited
Jillian Hamblin
Tel: 0207 500 5224 Fax:0207 500 5877/5278
E-mail: jillian.hamblin@citigroup.com

H R Trustees
Steven Ross 
Tel: 0118 918 5442
E-mail:
steven.ross@entegria.com

Prudential Trustee Company Limited
Tony Petrou
Tel: 020 7548 3820 Fax: 020 7548 3883
E-mail:
tony.petrou@prumandg.co.uk
 
Lawrence Graham Trust Corporation
Nick Turner
Tel: 0207 759 6605 Fax:020 759 6854
E-mail:
nick.turner@lawgram.com
 
Royal Bank of Canada Trust Corporation Limited
Pauline Gale
Tel: 020 7653 4606 Fax:020 7329 3484
E-mail:
Pauline.Gale@rbc.com
 
The Law Debenture Trust Corporation plc
Denyse Anderson
Tel: 020 7696 5206 Fax:020 7696 5208
E-mail:
new.business@lawdeb.co.uk
 
The Law Debenture Trust Corporation plc
Julian Mason-Jebb
Tel: 020 7696 5206 Fax:020 7696 5208
E-mail:
new.business@lawdeb.co.uk
 
 Members acting as Pension Fund Trustees

Alexander Forbes Trustee Services Limited
Tim Culverhouse
Tel: 0115 9411031 Fax: 0115 924186
E-mail:
culverhouset@aforbes.co.uk
 
BESTrustees Plc
Clive Gilchrist
Tel: 020 7 3324 100 Fax: 0207 332 4108
E-mail:
clive.gilchrist@bestrustees.co.uk    
   
Bridge Trustees Limited
Giles Orton
Tel: 0845 4979797
E-mail:  gilesorton@bridgetrustees.com

Capita Trust Company Limited
Mark Homer
Tel: 020 7648 7487 
E-mail: 
mhomer@capitafiduciary.co.uk
 
Capital  Cranfield Trustees Limited
John Rogers
Tel: 020 7012 8700
E-mail: 
j.rogers@cctl.co.uk

Entrust Pension Recovery Limited
Peter Connors
Tel:  0870 3658000  Fax:  0870 3658001

H R Trustees Limited
Graham WithersTel: 0118 958 3683
E-mail: graham.withers@hrtrustees.com

Independent Pension Trustee Limited
Tel: 020 3116 3000
E-mail:
shartley@reedsmith.com

Independent Trustee Services Limited
Chris Martin
Tel: 020 78957784  Fax:020 7528 0934
E-mail:
ChrisMartin@jltgroup.com

Lawrence Graham Trust Corporation
Robert Smith
Tel: 0207 759 6541 Fax:020 759 6854
E-mail:
robert.smith@lawgram.com   
 
Osbourne Clarke Pension Trustees Limited
Jonathan Hazlett
Tel: 0117 9173350 Fax:01179173351
E-mail: 
jonathan.hazlett@osborneclarke.com
 
Pinsents Trustees Limited
Sue Thomas-Green
Tel: 0113 445000 Fax: 01132 448000
 E-mail:
susan.thomas-green@pinsents.com

P.S Independant Trustees Limited
Wayne Phelan
Tel: 0118 9122852 Fax: 0118 9772278
E-mail: wayne.phelan@psitl.com


Royal Bank of Canada Trust Corporation Limited
Pauline Gale
Tel: 020 7653 4606 Fax:020 7329 3484
E-mail:
pauline.gale@rbc.com
 
Smith & Williamson Trust Corporation Limited
Chris Murray
Tel: 020 7131 4000 Fax: 020 7131 4031
E-mail: christopher.murray
@smith.williamson.co.uk
 
Snow Hill Trustees Limited
Richard Mason
Tel: 020 7651 1060Fax:020 76511953
E-mail:
richard.mason@moorestephens.com
 
The Law Debenture Trust Corporation plc 
Eddie Thomas
Tel: 020 7696 5224 Fax:020 7726 4023
E-mail: 
Eddie.Thomas@LawDeb.co.uk 

The Law Debenture Trust Corporation plc
Bruce McNess
Tel: 020 7696 5250 Fax:
E-mail:
Bruce.McNess@LawDeb.co.uk
 
Trustee Solutions Limited
Susan Andrews
Tel: 0845 3003232 Fax: 0121 6261040
E-mail: susan.andrews@trusteesolutions.co.uk


Members acting as Trustees of Employee Benefit Schemes


Lawrence Graham Trust Corporation
Robert Smith
Tel: 0207 759 6541 Fax: 0207 759 6854
E-mail: robert.smith@lawgram.com

Pinsents Trustees Limited
Sue Thomas-Green
Tel: 0113 445000 Fax: 01132 448000
 E-mail: susan.thomas-green@pinsents.com

Royal Bank of Canada Trust Corporation Limited
Pauline Gale
Tel: 020 7653 4606 Fax:020 7329 3484
E-mail:
pauline.gale@rbc.com

Smith & Williamson Trust Corporation Limited
Wilson Cotton
Tel: 020 7137 4224 Fax:020 7131 4033
E-mail: wpc@smith.williamson.co.uk

Snow Hill Trustees Limited
Richard Mason
Tel: 020 7651 1060 Fax:020 76511953
E-mail: timothycripps@moorestephens.com





 




 




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