Commentary

I5.553 Tax implications—transfers into an 18–25 trust

IHT, trusts and estates

I5.553 Tax implications—transfers into an 18–25 trust

I5.553 Tax implications—transfers into an 18–25 trust

The consequences of the 18–25 trust regime applying to settled property are similar to the consequences of the accumulation and maintenance (A&M) trust and bereaved minors trust applying to settled property, at least while the beneficiaries are under 18.

Whilst the 18–25 trust rules apply to settled property it is not 'relevant property'1. This means that there are no periodic charges2 or exit charges3, although, there will be a charge similar to an exit charge if a beneficiary becomes absolutely entitled to capital between the ages of 18 and 25, rather than on or

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