13.7.1 Background

In the Pre-Budget report in December 2009, the Government announced the introduction of provisions (including draft legislation) to target two trust-based IHT schemes. The main aim of these schemes was to transfer property into a relevant property settlement (e.g. a discretionary trust) at a much depressed value for IHT purposes. Thus the 20% entry charge (on transfers that exceeded the nil rate band) could be reduced or avoided.

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