Where there is a 0% rate on a ten year anniversary, do you need to claim APR on the subsequent exit

Trusts Discussion
1

where there is a 0% rate on a ten year anniversary due to APR at the time bringing value below available NRB, do we need to claim APR on the subsequent exit of the same assets within ten years?

2

The updated Form IHT 100c Section F4 is still required to be filled in as the method of claiming APR. With a pre-commencement settlement you would claim whatever was the appropriate rate of relief under the old rules on an exit charge after 6 April 2026 before the next TYA. The authority is in para 17(6) Sch 12 FA 2026. See also IHTM25551.

Jack Harper