What is the chargeable event?

A chargeable event is an occasion when Inheritance Tax may be payable on a trust.

Relevant property

Relevant property is any asset, such as money, shares, houses or land, held in a discretionary trust. Find out about relevant property (opens in new tab).

A discretionary trust is a trust in which the trustees decide on the amounts and timing of the benefits they pay to the beneficiaries.

10 year anniversary charge where assets are not relevant property for the full 10 years

Distribution of capital before the first 10 year anniversary

Distribution of capital after the first 10 year anniversary

Charge in an age 18-to-25 trust