INHERITANCE TAX ON CONTRIBUTIONS TO EMPLOYEE BENEFIT TRUSTS

On 11 August 2009 HM Revenue & Customs issued a brief number 49/09 on the above subject. It sets out the current view on the IHT position in relation to contributions to an employee benefit trust. The main thrust of the Brief is aimed at the situation where contributions are made by a close company as defined in Section 102(1) IHT Act 1984.

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