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Inheritance Tax Act 1984 section 71D
Age 18-to-25 trusts
Section 71D provides a favourable inheritance tax treatment for property held in trust for a young person aged under 25 who has lost at least one parent, where the trust was set up through the deceased parent's will, a criminal injuries compensation scheme, or an overseas terrorism compensation scheme, and where the beneficiary will become absolutely entitled to the trust property at age 25.
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