Bringing a trust to an end

1. Assigning an interest

1.1. IHT consequences

1.2. CGT consequences

2. Resettling property

2.1. Capital gains tax consequences

2.2. IHT consequences

3. Winding up the trust

3.1. How can it be done voluntarily?

3.2. Trust ends involuntarily

3.3. Trust partially brought to an end

3.4. Tax consequences of trust coming to an end

3.5. IHT: no qualifying interest in possession

3.6. CGT: no qualifying interest in possession

3.7. IHT: qualifying interest in possession

3.8. CGT: qualifying interest in possession

4. Tax planning

4.1. Holdover relief

4.2. Other CGT reliefs

4.3. Losses

4.4. Timing of appointments

4.5. Life policies

4.6. Distributions from trusts created on death

5. Administration

5.1. Self-assessment

5.2. IHT returns

5.3. TRS and other formailities

5.4. SDLT