Trusts and periodic IHT reporting

When a trust was established prior to TRS we understand that it did not originally need registering where the gift was below 80% of the nil rate band. At the point of periodic charge, does the 80% rule apply here or should all trusts be reporting for periodic charges (and any exit charges where applicable).

Hi Lorraine Ames,
Please refer to:
Trusts and taxes
Or contact the Trust helpline on 0300 123 1072.
Thank you.