TRUSTPOLITICS
M

Member

Speaking in the House of Commons on 3 March 2025

Debate

Finance Bill

Contribution

This amendment relaxes the test for determining whether the exemption for existing excluded property trusts in new section 53(4A) of the Inheritance Tax Act 1984 applies. It provides that the property only needs to be invested offshore (or in an AUT or OEIC) immediately before the person’s interest comes to an end (as opposed to at all times after 30 October 2024).
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