The requirements with which the trusts of the settlement must comply are detailed in IHTA 1984, Sch. 4, para. 3(1):

(1)none of the property can at any time within six years of entering the trust be applied otherwise than:

(a)for the maintenance, repair or preservation of `qualifying property' (see below), or for making provision for public access to it;

(b)for the maintenance, repair or preservation of property comprised in the fund itself, or for such improvement of it as is reasonable having regard to the purposes of the trusts;

(c)for defraying the trustees' expenses; or

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