RELEVANT PROPERTY REGIME
14/03/2009
Since the radical changes to the inheritance tax treatment of trusts in the Finance Act 2006 the relevant property regime applies to all trusts which are not special. This means it is not just discretionary trusts, which traditionally were the only trust subject to this inheritance tax regime but any trusts which by default do not have an exceptional treatment. This includes any trusts made during the lifetime of the settlor which are not qualifying disabled person’s interests.
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