IHTM30122 - Liability in special cases: discretionary trust charges and heritage property

Where heritage property (IHTM04110) is comprised in a settlement and has been exempted from the ten yearly charge, the persons liable for the tapered charge which may arise under IHTA84/S79 (3) are specified in IHTA84/S207 (3). They are

• the trustees of the settlement, and
• any person for whose benefit any of the property or income from it is applied at or after the time of the event occasioning the charge.