Commentary

I5.642 IHT on transfers into charitable trusts

IHT, trusts and estates

I5.642 IHT on transfers into charitable trusts

IHT and charitable trusts

I5.642 IHT on transfers into charitable trusts

Settled property is subject to a permanent charitable trust if either it becomes the property of the charity or is held on trust for charitable purposes only. For the meaning of these terms see I4.215.

On a transfer of property into a charitable trust:

  1.  

    •     the property that is held for permanent charitable purposes (whether for a limited time or otherwise) is excluded from the definition of 'relevant property'1. Consequently there will be no 10 year anniversary charge. If part of the income of settled property is held on

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