IHTM42921 | Employee benefit trusts: conditions for relief: investigation

When investigating whether or not an employee benefit trust satisfies the requirements of IHTA84/S86, there are a number of points to look out for. These are:

• non-qualifying beneficiaries (IHTM42922)

• former employees (IHTM42923)

• probationers (IHTM42924)

• partnerships (IHTM42925)

• trustees’ remuneration (IHTM42926)

• splitting funds or ‘hiving off’ (IHTM42927)

• employees outside the UK (IHTM42928)

• company groups and subsidiaries (IHTM42929)

• share price schemes (IHTM42930)

• part-time staff and casual labour (IHTM42931)

• best interests of the company (IHTM42932)

• insolvency (IHTM42933)

• consultants (IHTM42934)

• payment of tax liabilities out of trust funds (IHTM42935)

• power to transfer funds to another settlement (IHTM42936)

• direction to waive dividends (IHTM42937)