Special trust treatment under IHTA84/S71 applies only to trusts created before 22 March 06. Under provisions introduced by FA06/SCH20, existing A&M trusts must then meet further conditions to qualify for the special trust treatment. See (IHTM42808)

IHTA84/S71 Charging provisions: (IHTM04099)

Transfers to minors are usually dealt with by a settlement. The terms of such trusts are normally non-interest in possession (discretionary).

IHTA84/S71 gives relief from Inheritance Tax (IHT). It does not matter whether the settlement is, or is not, called an ‘Accumulation & Maintenance Settlement’ – the test is, does it satisfy the conditions of IHT84/S71?

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.