IHT rules for trusts – Other changes

In addition to the changes aimed at multiple settlements and the extension of s144 IHT Act 1984 to appointments or distributions made during the three months following the testator’s death, discussed in the Briefings above, there are some other changes. In one measure of simplification, legislation will be introduced in Finance Bill 2015 to remove the requirement to include non-relevant property in the calculation for rate where appropriate for both the s66, ten-year, and ss 68 and 69, exit charges. This amendment will take effect for IHT charges arising on a or after 6 April 2015.