Policy paper

Capping Inheritance Tax trust charges for excluded property in trusts

This tax information and impact note is about a transitional change to the taxation of former excluded property trusts for Inheritance Tax.

• From: HM Revenue & Customs
• Published: 26 November 2025

Documents

Capping Inheritance Tax trust charges for excluded property in trusts at 30 October 2024

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Draft legislation

PDF, 97.7 KB, 3 pages

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Draft legislation (accessible version)

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Details

This measure introduces a cap on relevant property inheritance tax charges for trusts which held excluded property at 30 October 2024. The relevant property charges are capped at £5 million over each 10 year cycle.

Published 26 November 2025