IHTA84/S67 (1) applies in calculating the property to be cumulated for calculating rate where

after the settlement commenced and after 8 March 1982

but before the ten year anniversary (TYA)

the settlor made an addition to the trust. (A chargeable transfer as a result of which the value of the property comprised in the trust was increased.)

How it works

Where S67 (1) applies,

Instead of using the settlor's previous lifetime cumulative total (the chargeable transfers in the seven years before the trust started),

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