Commentary

I5.643 IHT on transfers out of charitable trusts

IHT, trusts and estates

I5.643 IHT on transfers out of charitable trusts

I5.643 IHT on transfers out of 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.

Property held on temporary charitable trusts is subject to a tax charge when it leaves the settlement or when the trustees make a disposition that reduces the value of the property in the settlement (unless in either case the transfer is for charitable purposes)1.

This is the same as the charging provisions for relevant property for settlements within

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