IHTM10677 - Investigating Event Form: IHT 100c - Assets in a discretionary trust ceasing to be relevant property (proportionate charge)

This is a dual purpose form to inform this office about:

• assets ceasing to be relevant property IHTA84/S58 in a relevant property trust that give rise to a proportionate charge before the first ten year anniversary IHTA84/S68, or
• assets distributed after the first ten year anniversary IHTA84/S69.

You would have to consider the following in relation to the information provided:

Section 1

• Has the discretionary trust come to an end
• Does grossing up (IHTM14593) apply

Section 2

• Have there been any additional assets since the settlement commenced
• Has there been any additional relevant property since the settlement commenced, if so are there any valuation requirements i.e. realty, shares.

Section 3

• Have there been any amendments since the last ten year anniversary, if so what.
• Have there been any assets within the settlement, which has now become relevant property.

Section 4

• Double taxation relief (IHTM27181) details.