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relevant property trust


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From March 2006, any trust that is not an interest-in-possession trust, an age 18–25 trust, or a trust established for a bereaved minor is a relevant property trust for inheritance tax purposes. A relevant property trust is taxed (i) on creation, (ii) whenever there is a distribution to a beneficiary, and (iii) on each tenth anniversary of the settlement. See also discretionary trust.

(i) on creation, (ii) whenever there is a distribution to a beneficiary, and (iii) on each tenth anniversary of the settlement.

Subjects: Accounting — Financial Institutions and Services.


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