Commentary

I12.705 Avoidance of entry charge

IHT, trusts and estates

I12.705 Avoidance of entry charge

Post 22 March 2006 Settlements

I12.705 Avoidance of entry charge

Situations in which a settlor is willing to accept an inheritance tax liability on setting up a new lifetime trust are rare, almost to the point of non-existence. Invariably a settlement is only made in lifetime if the inheritance tax 'entry charge' can be avoided. There are in fact quite a number of situations in which this can be achieved and these are summarised at I12.706–I12.715.

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