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Home / Simons-Taxes /IHT, trusts and estates /Part I5 Settled property /Division I5.3 Settlements within the relevant property regime /Tax treatment of relevant property trusts / I5.302 Relevant property regime—overview
Commentary

I5.302 Relevant property regime—overview

IHT, trusts and estates

Where a settlement falls into one of the categories listed at I5.301, there is an IHT charge on 'relevant' property (I5.303) in the settlement:

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    •ÌýÌýÌýÌý on a ten-yearly basis (the 'principal charge' or 'periodic charge') where the property remains within the trust (I5.304). The charge takes into account property which has previously left the trust and gifts made by the settlor

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