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IHT and Trusts 2. - Coggle Diagram
IHT and Trusts 2.
Periodic Charges
each 10th anniversary
30% of the lifetime rate (20%)
6%
calculate
value at year 10
less NRB
times 30%
times 20%
effective rate %
sum calculated
divided by value at year 10
Trusts for minors
on death of parent
no periodic or exit charge
to age 18
Exit charges
IHT chargeable each time
capital distribution to beneficiary
appointment of capital to beneficiary
no charge
payment treated as income
for income tax purposes
Accumulation & Maintenance Trust
exempt from charges