What are the reporting requirements for offshore trusts with UK connections?

Sep 2, 2013 ... transfers (PETs)10, such as certain transfers of assets into trusts (chargeable lifetime transfers, or CLTs), at the rate of 20%11 at the ... Dec 12, 2024 ... Any tax charge (but not the value transferred) is reduced by taper relief as set out above. Chargeable lifetime transfers which are not PETs are ... Jan 28, 2021 ... A transfer into trust is a 'lifetime chargeable transfer' for inheritance tax (IHT) purposes. It is also a chargeable disposal for capital ... charged on chargeable transfers which you make during your lifetime, as well ... by treating it as a chargeable transfer and cumulating with it any chargeable. chargeable transfer. noun. a transfer of value made as a gift during a person's lifetime that is not covered by a specific exemption and therefore gives rise ... Aug 1, 2016 ... The gross chargeable transfers figure is any chargeable lifetime transfers made in the previous seven years plus the tax paid if paid by the ... Feb 25, 2025 ... Triggering a chargeable lifetime transfer if the client has a reasonable expectation of surviving seven years will result in the effective IHT rate on the AIM ... Chargeable lifetime transfers (CLTs). The most common type of CLTs are gifts to a discretionary trust or gifts to other trusts made on or after 22 March 2006. Apr 24, 2024 ... A chargeable lifetime transfer is a gift made by an individual during their lifetime that is subject to IHT. Chargeable lifetime transfers to trusts, 20%, 20 ... If the donor pays the IHT due on a chargeable lifetime transfer to a trust, the effective rate is 25%.