| 释义 |
relevant property trust
From April 2008, any trust that is not an interest-in-possession trust, an age 18–25 trust, or a trust established for a bereaved minor or a disabled person is a relevant property trust for inheritance tax purposes. A relevant property trust is taxed (i) on creation, (ii) whenever there is a distribution to a beneficiary, and (iii) on each tenth anniversary of the settlement. See also discretionary trust. |