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Home / Simons-Taxes /IHT, trusts and estates /Part I5 Settled property /Division I5.3 Settlements within the relevant property regime /Exit charges before first anniversary—calculating the charge / I5.313 Effective rate for exit charges
Commentary

I5.313 Effective rate for exit charges

IHT, trusts and estates

The next step is to calculate the tax which would be charged, at half rates1, on the hypothetical chargeable transfer of the value established as detailed at I5.311.

The rate is calculated on the assumption that an assumed transferor, in the seven years ending with

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