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Contents

Official guidance
Inheritance Tax Manual

IHTM42000 · Relevant property trusts

  • IHTM42001 · Introduction
  • IHTM42010 · Notification of chargeable event
  • IHTM42070 · Chargeable events
  • IHTM42075 · Set-up and additions by settlor
  • IHTM42081 · Ten year anniversary: introduction
  • IHTM42085 · Ten year anniversary: Tax calculation: the rate of tax: step 1: the notional lifetime transfer
  • IHTM42086 · Ten year anniversary: Tax calculation: the rate of tax: step 2: the nil rate band available (‘NRBA’)
  • IHTM42087 · Ten year anniversary: Tax calculation: the rate of tax: step 3: calculating the initial rate of tax
  • IHTM42088 · Ten year anniversary: Tax calculation: the rate of tax: Step 4: relief for assets that have been relevant property for less than the full 10 years
  • IHTM42089 · Ten year anniversary: relief for double charges
  • IHTM42090 · Ten year anniversary: adjusting settlor's PLCT where there are additions before the TYA
  • IHTM42091 · Ten year anniversary: no date before April 1983 is a TYA
  • IHTM42110 · Proportionate charges: introduction
  • IHTM42111 · Proportionate charges: chargeable transfer
  • IHTM42114 · Proportionate charges: calculation of rate before first ten year anniversary
  • IHTM42115 · Proportionate charges: rate between ten year anniversaries
  • IHTM42117 · Proportionate charges: excluded periods
  • IHTM42118 · Proportionate charges: grossing
  • IHTM42119 · Proportionate charges: loss to the settlement basis of valuation
  • IHTM42161 · Relevant property: introduction
  • IHTM42162 · Relevant property: capital and income
  • IHTM42163 · Relevant property: Capital Gains Tax and Income Tax deductions
  • IHTM42164 · Relevant property: inheritance tax deductions
  • IHTM42165 · Relevant property: agricultural relief and business relief
  • IHTM42166 · Relevant property: treatment of income after 6 April 2014
  • IHTM42221 · The settlement: Commencement date of the settlement
  • IHTM42223 · The settlement: powers of appointment
  • IHTM42224 · The settlement: powers of accumulation
  • IHTM42225 · The settlement: non-income producing assets
  • IHTM42226 · The settlement: class of beneficiary
  • IHTM42227 · The settlement: variation of discretionary will trusts (IHTA84/S144)
  • IHTM42228 · The settlement: Relevant property settlements set up by IOV (IHTA84/S142)
  • IHTM42229 · The settlement: property moving from one settlement to another
  • IHTM42230 · The settlement: related settlements
  • IHTM42231 · The settlement: initial qualifying interest in possession of settlor or spouse
  • IHTM42232 · The settlement: one or more trust?
  • IHTM42233 · The settlement: Same day additions 
  • IHTM42234 · The settlement: Same day additions: Exceptions  
  • IHTM42235 · Same Day Additions: Examples
  • IHTM42240 · Discretionary trusts: trustees
  • IHTM42251 · The settlor: who is the settlor
  • IHTM42252 · The settlor: charge on the settlor
  • IHTM42253 · The settlor: more than one settlor
  • IHTM42254 · The settlor: Gifts with Reservation
  • IHTM42255 · The settlor: settlor's PLCT
  • IHTM42601 · Foreign element: practice
  • IHTM42602 · Foreign element: foreign (excluded) property
  • IHTM42603 · Foreign element: additional test of long-term UK residence or domicile
  • IHTM42604 · Foreign element: offshore trust declaration IHTA84/S218
  • IHTM42640 · Discretionary trusts: Income Tax and CGT on the trust
  • IHTM42650 · Discretionary trusts: Heritage
  • IHTM42660 · Discretionary trusts: unquoted shares
  • IHTM42700 · Discretionary trusts: Scottish Law issues
  • IHTM42801 · Special trusts: summary
  • IHTM42802 · Special trusts: flat rate charge
  • IHTM42803 · Special trusts: temporary charitable trusts
  • IHTM42804 · Special trusts: protective trusts
  • IHTM42805 · Special trusts: trusts for disabled persons
  • IHTM42806 · Special trusts: employee trusts and newspaper trusts
  • IHTM42807 · Special trusts: accumulation and maintenance trusts (A&M) prior to Finance Act 2006
  • IHTM42808 · Special trusts: treatment of existing Accumulation & Maintenance (A&M) trusts after 6 April 2008
  • IHTM42809 · Special trusts: 25 year test for Accumulation & Maintenance (A&M) trusts
  • IHTM42811 · Special trusts: charitable, political and Heritage trusts
  • IHTM42812 · Special trusts: pension funds
  • IHTM42813 · Special trusts: compensation and special purpose funds
  • IHTM42814 · Special trusts: excluded property
  • IHTM42815 · Special trusts: Trusts for bereaved minors
  • IHTM42816 · Special trusts: Age 18-to-25 trusts
  • IHTM42900 · Employee benefit trusts
  • IHTM42011 · Practice with IHT100
  • IHTM42084 · Ten year anniversary: rate of tax
  • IHTM42112 · Proportionate charges: rate before first TYA (flowchart)
  • IHTM42113 · Proportionate charges: calculation of tax before first TYA (flowchart)
  • IHTM42810 · Special trusts: life policies in A&M trusts
  1. Relevant property trusts: contents
  2. Special trusts: employee trusts and newspaper trusts

IHTM42806 | Special trusts: employee trusts and newspaper trusts

From HM Revenue & Customs · Inheritance Tax Manual

Charging provisions: IHTM04100

Chargeable events are liable to Inheritance Tax (IHT) at the flat rate. (IHTM42802)

Distributions to the employees or their relatives or dependants are normally exempt.

IHTA84/S87 specifically allows trusts for newspaper publishing companies or newspaper holding companies to receive the same IHT treatment as employee benefit trusts (EBTs).

There is a full separate section of guidance on EBTs at the end of this chapter of the Manual. (IHTM42900)

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