IHTM30115 - The settlor: settlement made before 11 December 1974

Under IHTA84/S201 (3) the settlor is not liable under IHTA84/S201 (1)(d) in relation to a settlement made before 11 December 1974 if

• the trustees were resident in the United Kingdom when the settlement was made and
• the trustees have not been resident in the United Kingdom at any time between 10 December 1974 and the time of the transfer.