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HMRC are piloting a change in the way that they monitor of excepted estates. ... More Details
Following upon a previous meeting in 2007, another meeting of TACT representatives and IRCT was held on 11 February 2010 at which issues raised by members of TACT PTC were raised along with issues remaining unresolved from the 2007 meeting. ... More Details
Six free toolkits to help agents avoid common errors when filing clients' returns were published on 17 May 2010 by HM Revenue & Customs ... More Details
TACT have written to HMRC regarding the proposals concerning tax reclaims in Settlor Assessable Trusts ... More Details
Introduction
TACT (The Association of Corporate Trustees) Code of Practice - Adopted in Full 11 July 2013
The Association of Corporate Trustees is the representative body for professional corporate trustees.
Our members operate in diverse areas of trusteeship and allied operations.
It is recognised that members are subject to regulation, oversight and control by a number of bodies and no code of practice adopted by TACT can or should replace these.
This Code relates to all members and all business.
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Arrangements for the Dinner are now being finalized. It will again be held at The Merchant Taylors’ Hall, 30 Threadneedle Street, London EC2R 8JB
The principal speaker will be ALAN WRIGHT.
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The Association of Corporate Trustees (TACT) is the membership organisation of the UK corporate trustee sector. Its members include trust companies owned by banks and major financial institutions as well as those set up by firms of accountants, lawyers and pension advisors. Those trust companies are responsible for the management of over £1 trillion worth of assets, including sovereign and other debt of over £900 million and occupational pension funds with in excess of 1.25 million members, representing over 10% of that sector
... More Details
The Association of Corporate Trustees (TACT) is the membership organisation of the UK corporate trustee sector. Its members include trust companies owned by banks and major financial institutions as well as those set up by firms of accountants, lawyers and pension advisors. Those trust companies are responsible for the management of over £1 trillion worth of assets, including sovereign and other debt of over £900 million and occupational pension funds with in excess of 1.25 million members, representing over 10% of that sector
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Present
HMRC Ton y Key, Ian Hempstead
TACT Mik e Coulshed, Paul Saunders
1. Compe nsation payments
1. Compe nsation payments
Question
There are significant issues around the taxation of the various different redress payments being made at the present time, such as in relation to the PPI mis-selling.
We understand the correct position is that there is no value attributable for IHT purposes on death if the right to compensation had not been established before the date of death. Conversely, if as at the date of death an offer of settlement had been made, the value then on offer would seem to be the appropriate value for IHT purposes.
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Trust Companies, Benefit and Operation Checklist Members and potential members are referred to this useful checklist kindly prepared for TACT by Keith Wallace of Reed Smith LLP ... More Details
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TACT
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Phone/Fax: 01424 844144 --------------------------
E-mail: tact@cooden.fsbusiness.co.uk tact@cooden.fsbusiness.co.uk |
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