9.3.1 The anti-avoidance rules for multiple settlements

For some time, the Government and HMRC have wished to simplify the IHT treatment of relevant property trusts. Following a series of consultations, most people had all but accepted the inevitability of a new regime that would be centred around a ‘settlement nil rate band’ (SNRB) that settlors would be able to allocate between the settlements created by them as they saw fit. However, in the Autumn Statement in December 2014, the Government announced its decision to scrap earlier plans for a simplified regime in favour of a specific rule to target avoidance of IHT through the use of multiple trusts.

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