IHTA84/S72(2) sets out three cases in which the flat rate charge (IHTM42981) is imposed. These are

under IHTA84/S72(2)(a), where settled property ceases to qualify under IHTA84/S86; as a result of an event other than payment out of the settlement. This will often be the case where trust property is appointed onto sub-trusts (IHTM42970),

under IHTA84/S72(2)(b), where a payment or a non-commercial loan is made out of trust property for the benefit of a person within IHTA84/S72(3) or a person connected with them,

under IHTA84/S72(2)(c), where the trustees make a disposition (other than by a payment) reducing the value of the employee trust property.

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