IHTM42234 - The settlement: Same day additions: Exceptions 鈥�

The following events cannot be same day additions (SDAs):鈥�

  • Transfers to wholly charitable trusts鈥�

  • Transfers (to any one trust on any one day) that do not exceed 拢5,000 in total鈥�

  • Payment or funding of a regular premium on an insurance policy held by the trustees聽

  • Transfers to protected testamentary trusts鈥�

  • A protected testamentary trust (PTT) is defined by IHTA84/S62C, and is a trust that commenced before 10 December 2014 and either:鈥�

  • No transfers of value were made to that trust on or after 10 December 2014, or鈥�

  • An addition to that trust was made on a death before 6 April 2017, and the provisions of the will were, in substance, the same as they were immediately before 10 December 2014.