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Home / Simons-Taxes /IHT, trusts and estates /Part I5 Settled property /Division I5.6 Other favoured trusts /Miscellaneous other favoured trusts / I5.646 Compensation funds and IHT
Commentary

I5.646 Compensation funds and IHT

IHT, trusts and estates

I5.646 Compensation funds and IHT

None of the charges relating to discretionary and other trusts apply to a trade or professional compensation fund or to an asbestos compensation settlement.

A trade or professional compensation fund is defined as a fund which is maintained or administered by a representative association of persons carrying on a trade

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