62535 Exit charge before the first ten-year anniversary
The rate of tax charged on an exit charge prior to the first ten-year anniversary (on or after 18 November 2015 (Royal Assent to Finance (No. 2) Act 2015) is determined in accordance with the following procedure.
The steps in the calculation are:
Work out the value of a hypothetical transfer which is the aggregate of:
(a)the value of the settled property in the settlement at its value immediately after becoming comprised in the settlement (but relevant property only for events on or after 18 November 2015);