HMRC have updated their Capital Gains Manual in relation to Trusts: outline of CGT for trusts.
The amended guidance is arranged under the following headings:
- The settlement
- Transfers in
- Events during life of a settlement
- Transfers out
- Rates of tax
- Annual exempt amount
- Interests of beneficiaries
Related content from Claritax Books
Written for accountants and other tax advisers at an intermediate level, Capital Gains Tax is built firmly on a foundation of statutory rules and case law principles. It is illustrated throughout with practical examples, and most chapters include a summary of pitfalls and planning points.