The need to deliver accounts in respect of certain discretionary trusts is dispensed with in relation to chargeable events occurring on or after 6 April 20071. These rules largely reflect the rules for exempt transfers and exempt terminations discussed above.
The Regulations2 apply to 'chargeable events', which are defined as the charge at the 10-year anniversary, the charge under IHTA 1984, s 65 (the charge at other times,
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