Reference Entry

exit charge

Jonathan Law

in A Dictionary of Finance and Banking

Sixth edition

Published in print March 2018 | ISBN: 9780198789741
Published online March 2018 | e-ISBN: 9780191831430
exit charge

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The charge to *inheritance tax made when an asset is taken out of a *discretionary trust. The inheritance tax liability is calculated by taking the rate of inheritance tax charged at the most recent 10-year charge before the asset leaves the trust and applying the fraction:...

Reference Entry.  58 words. 

Subjects: Banking ; Social Sciences ; Economics

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