Rank and file: filling out the forms correctly

As individual tax payers we are all well versed in the dates by which individual or trust tax returns must be filed. However, what about inheritance tax (IHT) compliance? This is an entirely separate topic with its own rules and its own dates. The relevant times when clients will need to consider IHT compliance are following a death and in respect of discretionary settlements. Remember that after Finance Act 2006 all new settlements are treated as if they were discretionary settlements even though for trust law purposes they may not be. Death IHT is payable by the end of six months fo...