IHTM42070 - Relevant property trusts: chargeable events

A transfer of assets into a trust of relevant property ( IHTM42161) is an immediately chargeable transfer by the settlor. ( IHTM42075)

The main occasions of charge on relevant property are

1. A proportionate/exit charge on distributions or dispositions from the trust in the first ten years since property was first added to the settlement ( before the first ten year anniversary)

2. The ten year anniversary (the principal charge)

3. A proportionate/exit charge on distributions or dispositions between ten year anniversaries

Charging provisions are explained in more detail at section 4 of the manual from IHTM04095