Commentary

I5.362 Exclusions to same-day addition rules

IHT, trusts and estates

I5.362 Exclusions to same-day addition rules

I5.362 Exclusions to same-day addition rules

The anti-avoidance rules at I5.361 do not apply in the following circumstances.

Protected settlements

A protected settlement1 is a settlement which commenced before 10 December 2014 and which satisfies the following conditions:

  1.  

    •     Condition A is met if there have been no transfers of value by the settlor on or after 10 December 2014 as a result of which the value of the property in the Settlement was increased.

  2.  

    •     Condition B relates to additions of property to a settlement made by Will.

  3.  

    The condition is met if there has been a transfer of

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