Expert reporting and calculation of periodic IHT for UK-relevant trusts

UK-resident or UK-relevant trusts are subject to Inheritance Tax (IHT) periodic charges every ten years. These 10-year (or “principal”) charges apply to relevant property trusts and require trustees to complete and submit an IHT100 form to HMRC, along with supporting schedules and calculations.

Our Expertise

At BCR, our team of experts offer expert assistance in preparing and filing these returns with precision and discretion.

Our Approach

Our service is designed for Channel Islands and international trustees with UK exposure, as well as UK-based trusts seeking clarity on their obligations. We help navigate the complexities of calculating value, applying exemptions, and managing risks, ensuring compliance with HMRC’s expectations. We support the following clients:

• Trustees of UK-resident trusts.
• Trustees of non-UK trusts with UK assets or UK-resident settlors and beneficiaries.
• Family offices managing offshore structures.
• Legal advisers requiring tax input on trust IHT returns.
• Private clients with legacy or historic trust interests.

Our Services

We provide the support with the following:

• Assessment of whether the trust falls within the UK relevant property regime.
• Valuation support for trust assets as at the 10-year anniversary.
• Preparation and submission of the IHT100 return and relevant schedules.
• Calculation of the IHT payable at the appropriate rate (usually up to 6 percent).
• Review of any available exemptions, such as business or agricultural property relief.
• Advice on how to fund the tax due and associated trustee responsibilities.
• Record-keeping support for HMRC audit or future reporting.
• Liaison with legal advisers or UK-based professionals where needed.

Our values in action

Excellence: Meticulous preparation of forms, calculations, and supporting documentation.
Delivery: Returns submitted on time and in accordance with HMRC standards.
Respect: Support for fiduciaries fulfilling their tax obligations.
Elegance: Clear, considered reporting that reflects the complexity of each trust.‍

Why BCR Pro

Trustees of UK-resident or UK-relevant trusts choose BCR Pro for our expert reporting and precise calculation of periodic Inheritance Tax (IHT) charges, ensuring full compliance with HMRC’s complex requirements.

Channel Islands and international trustees with UK exposure rely on BCR Pro for specialist support in assessing trust status, valuing assets, and preparing IHT100 returns with discretion and clarity.