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HMRC internal manual

Inheritance Tax Manual

Investigating Event Form: IHT 100e - Assets ceasing to be held on special trusts (flat rate charge)

A charge arises when assets held within an accumulation and maintenance trust created before 22 March 2006 no longer meet the conditions to benefit for relief in accordance with IHTA84/S71.

Normal valuation requirements are due on the assets included within the chargeable event and if there are further assets retained by the trust, grossing up (IHTM14593) may apply.