IHTM10606 - IHT 101: page 1 (beneficiaries)

This part of the account does not have to be completed where the charge is a ten-year charge on settled property. In other cases the taxpayers should give details of who benefits from the transfer and precisely what form the benefit took. This may be for example an ‘absolute’ interest, an ‘interest in possession’ or a ‘beneficiary under an accumulation and maintenance settlement’.