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Home / Simons-Taxes /IHT, trusts and estates /Part I5 Settled property /Division I5.5 Favoured trusts for young people /Accumulation and maintenance (A&M) trusts / I5.521 The 25-year condition
Commentary

I5.521 The 25-year condition

IHT, trusts and estates

In addition to satisfying the capital (original or substituted) and income conditions settled property must satisfy either the 25-year condition considered in this article or the common grandparent condition considered in I5.522. This sets a limit on how long a particular set of trusts can

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