IHTA84/S13(1) is restricted by IHTA84/S13(2) which confines it to employee benefit trusts (EBT) which exclude participators or their relatives. No relief is given if the trusts permit any of the property to be applied at any time, whether during any period referred to in IHTA84/S86 or later, for the benefit of for the benefit of:

a person who is a participator in the close company,

any person who is a participator in any close company that has made a disposition, which but for IHTA84/S13 would have been a transfer of value, where property became comprised in the same settlement,

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