Commentary

I5.301 Types of relevant property trusts

IHT, trusts and estates

I5.301 Types of relevant property trusts

Division I5.3     Settlements within the relevant property regime

For updates affecting this Division please see Part I0 Updates

Tax treatment of relevant property trusts

I5.301 Types of relevant property trusts

This Division deals with IHT on settled property where no person is beneficially entitled to a 'qualifying interest in possession' (QIIP — see I5.203) and which does not fall into a favoured trust category described in Division I5.5 or Division I5.6. These trusts are taxed within the relevant property regime for IHT and are commonly known as 'relevant property trusts'.

It includes settled property held on trusts of the following kinds:

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