The first STEP Virtual STEP UK Annual Tax Conference was held on 26 June with over 800 people attending online. The day was a radical departure for STEP, with conventional meetings postponed or cancelled due to COVID-19. While it did include some glitches, attendees have the opportunity to catch up on any material they missed,… Read More STEP’s first Virtual UK Annual Tax Conference
Following a query raised on the Trusts Discussion Forum, STEP’s UK Technical Committee has been considering the capital gains tax consequences of a deed of variation of a will in circumstances where the asset which is the subject of the variation has already been disposed of by the original beneficiary. The specific issue raised was… Read More Update on HMRC’s Capital Gains Tax Manual
Update: 19 October HMRC has asked us to disseminate the following: ‘The new TRS is now available for agents to use. As part of this online process, agents will be taken through the steps to create an Agent Services account before they can register on behalf of trustees. Agents use the link from http://www.gov.uk/trusts-taxes/trustees-tax-responsibilities to… Read More Update: TRS now open to agents
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