Commentary

I5.352 Previous transfers by the settlor affecting the calculation of the ten-year anniversary

IHT, trusts and estates

I5.352 Previous transfers by the settlor affecting the calculation of the ten-year anniversary

I5.352 Previous transfers by the settlor affecting the calculation of the ten-year anniversary

The procedure for establishing this is set out as a series of rules.

  1.  

    (1)     Transfers in the ten years prior to anniversary.

  2.  

    Consider whether there have been, in the previous ten years, any chargeable transfers by the settlor as a result of which the value of the property (note that this is not confined to relevant property) comprised in the settlement was increased1.

  3.  

    An increase in the value of the existing settled property without any addition to the amount of it would qualify. However, a

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