HMRC Trusts and Estates Newsletter: August 2019
Released 28 August 2019
HMRC have published the August 2019 Trusts and Estates newsletter containing updates and guidance on inheritance tax and trusts.
The August 2019 newsletter contains:
•Trust Registration Service:
–Micro service development;
–Protecting your data – authorising an agency to act on behalf of a trust for the Register;
–Fifth Anti-Money Laundering Directive (5AMLD) update;
•Trusts and Estates Allowance - making tax easier for trusts and estates with small amounts of savings income;
•Publication of lifetime gifting research;
•Office of Tax Simplification review into inheritance tax – part 2;
•Inheritance tax – IHT421 agent update;
•Changes to agent letters issued when the IHT400 is processed;
•Administration period of deceased’s estate: income tax and capital gains tax:
–Informal payment arrangements;
–Complex estates: online registration;
•Draft legislation released on L-day.
View the newsletter at HMRC Trusts and Estates Newsletter: August 2019.