Principal charge Definition | Legal Glossary | LexisNexis
Powered by Lexis+®
  Case studies

"A lot of the work that I do is historic-the maximum sentences change at different points of time. It's really complicated and people get it wrong all the time. That's when having a timeline is really useful."

1 High Pavement


Access all 3 documents on Principal charge

GET ACCESS NOW

GLOSSARY

Principal charge definition

What does Principal charge mean?

A charge to inheritance tax on relevant property on the periodic ten-year anniversary of the trust's creation. It is also known as the ‘ten-year charge’.

Speed up all aspects of your legal work with tools that help you to work faster and smarter. Win cases, close deals and grow your business–all whilst saving time and reducing risk.

Discover our 3 Practice Notes on Principal charge