Policy paper

Inheritance Tax: simplifying charges on trusts and new rules to target avoidance through the use of multiple trusts July 2015

This tax information and impact note is for individuals settling property into relevant property trusts, trustees and their advisers.



This measure simplifies the calculation of trust charges by removing the need to include non-relevant property in the calculation. It also introduces new rules about adding property to more than one relevant property trust on the same day to protect Inheritance Tax revenues from the use of multiple trusts. The measure also includes changes to the relevant property trust legislation to provide more certainty and to ease the effect of the legislation.

Published 8 July 2015