IHT100c - Assets ceasing to be held on discretionary trusts. Proportionate charge

Last EFIS release: 8/2010 (March 2010)

Form status: New/Amended

Important Notice: These revised Self Assessment forms should only be submitted where either your client or your firm’s practice cannot file them online in accordance with HMRC’s policy.

In supplying identical versions of SA100-109, SA800-804 and SA900-907 for the 2009/2010 tax year, we wish to emphasize that these forms should only be used in accordance with HMRC’s policy which applied to the 2007/2008 tax year and is briefly summarised below.

In other words, practitioners should only submit these identical forms where their client’s tax return cannot be filed online. HMRC reserves the right to withdraw this concession if it is “abused” by professionals who could otherwise file online.

For Individuals - SA100 is the main form which is supplemented by SA101 - SA109.
For Partnerships - SA800 is the main form, supplemented by SA801 - SA804, as appropriate.
For Trust Estates - SA900 is the main form, supplemented by the other forms SA901 - SA923, as appropriate.

Finally, textual amendments have been made to forms IHT100C and IHT100(ALL) which are available for your immediate use.

All EFIS releases