Related Commentary  Related HMRC Manuals

71D(1)  This section applies to settled property (including property settled before 22nd March 2006), but subject to subsection (5) below, if–

(a)the property is held on trusts for the benefit of a person who has not yet attained the age of 25,

(b)at least one of the person’s parents has died, and

(c)subsection (2) below applies to the trusts.

71D(2)  This subsection applies to trusts–

(a)established under the will of a deceased parent of the person mentioned in subsection (1)(a) above, or

(b)established under the Criminal Injuries Compensation Scheme,

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