Podcast Location:
Download it here [file size: 25.3 MB]
Tax Law
Tax & Planning
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

  • FREE
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Course Aims:

This podcast aims to give the listener an introduction to the IHT treatment of UK based trusts. It does not address how offshore trusts or trusts with non UK domiciled trustees and beneficiaries operate for IHT purposes. It aims to distinguish the tax treatment of Interest In Possession Trusts from Relevant Property Trusts and how the various trusts for minors; A&M, 18-25 and Trusts for Bereaved Minors interact for tax purposes. Consideration is also given to the IHT status of disabled persons trusts.

After completing the course you will:
  • Have a basic understanding of the legislative framework governing the IHT status of UK based trusts;
  • Know the different tax features of a QIIP Trust and how they differ from a RP Trust;
  • Be aware of the key changes made to the taxation of trusts by the Finance Act 2006;
  • Know what an A&M trust is and how it differs from an 18-25 Trust and a Trust for a Bereaved Minor;
  • Know how the rules on Gifts with Reservation of Benefit (GROB) apply to trusts;
  • Be aware of the anomalous IHT status of a disabled persons trust.
Complex Difficulty: 4 of 5
Legal Principles
Sources and References:
  • Finance Act 2006;
  • Inheritance Tax Act 1984 s2(1), 7, 64, 66, 67, 71 71A-C, 144.

This podcast is about the various categories of trust that can exist for the purposes of Inheritance Tax (IHT) and how those categories compare for favourable tax treatment.

This podcast is one of a pair on the taxation of UK trusts. To find out about CGT and trusts, click here: Introduction to the Taxation of Trusts - Capital Gains Tax

Podcast added: 26/03/10

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