The relevant property regime

Property held for the purposes of a superannuation scheme or fund under registered pension schemes, a qualifying non-UK pension scheme or ICTA 1988, s. 615(3) schemes (pension funds for overseas employees) is not subject to IHT under the relevant property regime (IHTA 1984, s. 58(1)(d)). Any other trust based schemes that provide retirement benefits (primarily employer-financed retirement benefit schemes (EFRBS) set up on and after 6 April 2006) are relevant property trusts.

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