IHTM06123 - Excepted settlements - general conditions
For all relevant property trusts other than pilot trusts (IHTM06122), there are three general conditions that have to be met first before considering whether the occasion of charge is one that falls within the excepted settlement regulations. These conditions are that:
- the settlor is domiciled in the UK at the time the settlement was set up and has remained so domiciled throughout the existence of the settlement until either the occasion of charge or the settlor바카라 사이트™s earlier death -ÌýRegardless of when the settlement was made, throughout the existence of the settlement and until the chargeable event or the death of the settlor, whichever is earlier, the settlor must always have been domiciled or deemed domiciled in the UK (at times before 6 April 2025) and a long-term UK resident (at times on and after 6 April 2025).Ìý
- the trustees of the settlement are resident in the UK throughout the existence of the settlement, and
- there are no related settlements.
If the settlement fails any one of these initial conditions, it cannot qualify as an excepted settlement.