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Posted Tue, 05 Mar 2024 16:50:39 GMT by Lorraine Ames
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).
Posted Wed, 06 Mar 2024 10:00:36 GMT by HMRC Admin 25
Hi Lorraine Ames,
Please refer to:
Trusts and taxes
Or contact the Trust helpline on 0300 123 1072.
Thank you. 


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