IHTM27248 - Foreign property: discretionary trusts and exempt securities: unknown persons
The legislation refers to "known persons". So, when considering the conditions specified by the securities (IHTM04291)Ìýyou should not consider the possibility that some (currently) unknown person (for example an unborn child or future spouse or civil partner (IHTM11032) of an existing beneficiary) might become a beneficiary in the future.Ìý