SECTION 2  Chargeable trusts 

69065
Rattachementss 59,
 
71 IHTA 1984

 A chargeable trust is taxed as a separate entity, and the trust property does not form part of a beneficiary's estate. A person who is beneficially entitled to an interest in possession in a chargeable trust is therefore not treated as making a transfer of value when the interest in possession ends.
There are three instances where a charge to IHT may arise from a chargeable trust:
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