There are two types of charges on property held in discretionary trusts – called relevant property. (IHTM04095)

There is a charge every ten years (the ten yearly charge), IHTA84/S64. The first is on the tenth anniversary of the making of the settlement.

The other charge is the proportionate charge, IHTA84/S65 which applies

when the property ceases to be relevant property, IHTA84/S65 (1)(a) or

when the trustees make a disposition (IHTM04023) which reduces the value of the relevant property, IHTA84/ IHTM04030) S65 (1)(b).

The main examples of property (ceasing to be relevant property are when

the settlement (IHTM16000) comes to an end

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