Quick Succession Relief DT

Trusts Discussion
1

I have a scenario where A died and left the residue of their estate to a discretionary trust.

A substantial distribution was made to a beneficiary (B) from the DT 2 years and 6 months following the trust creation. The beneficiary then died 6 months later.

Has anyone had an issue like this and know whether QSR would be available on B,s death based on the IHT paid in A’s estate.

Thanks in advance.

2

If the distribution had been made within two years then it would be read back and I can see how QSR would be available. However once more than two years have elapsed there is no prospect of doing that so I cannot see any basis on which QSR would apply.

Paul Davies
Clarke Willmott LLP