Subject to a number of conditions, where settled property1 is held for the benefit of a bereaved minor2 either:
(1) on statutory trusts3; or
(2) on trusts established under:
(a) the will of a deceased parent of the bereaved minor4;
(b) the Criminal Injuries Compensation Scheme; or
(c) the Victims of Overseas Terrorism Compensation Scheme5,
a charge to inheritance tax arises if that property ceases to be so held6, and in a case where this7 does not apply, where the trustees make a disposition as a result of which the value of the property so held is less than it
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