SCHEDULES

SCHEDULE 44U.K.Trusts with vulnerable beneficiary

Inheritance Tax Act 1984U.K.

8(1)Section 89B (meaning of “disabled person's interest”) is amended as follows.U.K.

(2)For subsection (2) substitute—

(2)In subsection (1)(c) “disabled person” has the meaning given by Schedule 1A to the Finance Act 2005.

(3)After that subsection insert—

(2A)Where the income arising from the settled property is held on trusts of the kind described in section 33 of the Trustee Act 1925 (protective trusts), subsection (1)(d)(v) has effect as if for “A's life” there were substituted “ the period during which the income from the property is held on trust for A ”.