Commentary

I5.1126 Settlor interested trusts—exceptions

IHT, trusts and estates

I5.1126 Settlor interested trusts—exceptions

I5.1126 Settlor interested trusts—exceptions

The general rule does not apply to the following:

  1.  

    •     Annual payments made by an individual for bona fide commercial reasons in connection with his trade, profession or vocation1

  2.  

    •     Qualifying donations within ITA 2007, ss 413–430 (Pt 8, Ch 2) (gift aid)2

  3.  

    •     Benefits under a registered pension scheme, a pension scheme set up by a foreign government for its employees, and pension arrangements under regulations prescribed by the Welfare Reform and Pensions Act 1999, s 11(2)(h) (or its Northern Ireland equivalent)3

  4.  

    •     Income arising on or after 21 March 2012 under a settlement which

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