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    Trusts, settlements and estates - Inheritance tax and trusts - Chargeable trusts - The 10-year charge - Calculation of tax - 69145

    On each occasion of a 10-year charge, relevant property is taxed at a maximum rate of 6%. The rate is calculated as 30% of the “effective rate”, which is itself determined by performing an...

    Trusts, settlements and estates - Inheritance tax and trusts - Chargeable trusts - Reliefs - Business and agricultural property - Exit charge - 69355

    An exit charge arising before the first 10-year charge is based on the initial value of the settled property on the creation of the trust. BPR and APR will not be available to reduce the initial value...