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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—exceptions / I5.338 Property becoming subject to trusts for employees
Commentary

I5.338 Property becoming subject to trusts for employees

IHT, trusts and estates

Property becoming subject to employee benefit trusts

Subject to certain conditions, there is no IHT charge1 where shares or securities of a company cease to be relevant property on the occasion of their transfer to employee benefit trusts2 (see I5.631).

Those conditions are essentially the same as those for a transfer of value in favour of an employee benefit trust to be exempt under the rules detailed at

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