Deed of Variation creating a Relevant Property Trust - start date

Where a DOV creates a discretionary trust is the “start date” the date of death of the deceased or the date of the Deed of Variation? This has a bearing on 10 year anniversary charges.

The “start date” for IHT purposes, and therefore for the periodic charge, is the date of death of the person the dispositions of whose estate have been varied.

For perpetuity purposes, etc., the start date will be the date the trust is created.

Paul Saunders FCIB TEP

Independent Trust Consultant

Providing support and advice to fellow professionals