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Home / Simons-Taxes /IHT, trusts and estates /Part I5 Settled property /Division I5.3 Settlements within the relevant property regime /The charge at the ten-year anniversary—calculating the charge / I5.352 Previous transfers by the settlor affecting the calculation of the ten-year anniversary
Commentary

I5.352 Previous transfers by the settlor affecting the calculation of the ten-year anniversary


IHT, trusts and estates

The procedure for establishing this is set out as a series of rules.

  1. Ìý

    (1)ÌýÌýÌýÌý Transfers in the ten years prior to anniversary.

  2. Ìý

    Consider whether there have been, in the previous ten years, any chargeable transfers by the settlor as a result of which the value of the property (note that this is not confined to relevant property) comprised in the settlement was increased1.

  3. Ìý

    An increase in the value of the existing settled property without any addition to the amount of it would qualify. However, a transfer which increased the value not the amount should be disregarded if it can

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