Commentary

I5.253A Termination of a bereaved minor's or 18-25 trust

IHT, trusts and estates

I5.253A Termination of a bereaved minor's or 18-25 trust

I5.253A Termination of a bereaved minor's or 18-25 trust

IHT is not charged on the termination of an interest in possession where:

  1.  

    •     the person whose interest comes to an end became beneficially entitled to the interest before 22 March 2006

  2.  

    •     the interest comes to an end on or after that day; and

  3.  

    •     immediately before the interest comes to an end the trusts for bereaved minors1 or age 18-25 trust2 rules apply to the property in which the interest subsists3

As usual, the income condition for 18–25 trusts is met where a beneficiary has an interest in possession in

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