IHTM06123 - Excepted settlements - general conditions
For all relevant property trusts other than pilot trusts (IHTM06122), there are three general conditions that have to be met first before considering whether the occasion of charge is one that falls within the excepted settlement regulations. These conditions are that:
- from the commencement of the settlement until the date of charge (or earlier death), the settlor must be and remain UK domiciled for times before 6 April 2025 and, after then, be and remain long-term UK resident.
- the trustees of the settlement are resident in the UK throughout the existence of the settlement, and
- there are no related settlements.
If the settlement fails any one of these initial conditions, it cannot qualify as an excepted settlement.