HMRC Trusts and Estates Newsletter

HMRC has published its Trusts and Estates Newsletter for April 2022, covering the following:

• Trust Registration Service (TRS) deadline: reminder of the 1 September 2022 deadline for registering most trusts.
• Capital Gains Tax on UK Property Account: link to detailed guidance in HMRC’s CGT Manual.
• Updated detailed IHT guidance on gov.uk covering IHT on gifts, valuation of stocks and shares, and transferring unused nil-rate band.
• Changes to HMRC timelines, and an update on clearances, for form IHT100s for trust and lifetime charges.
• Use of form C4 corrective account forms.