The Trust IHT Charges calculator will provide an indication of tax that will be due;
a. At start when relevant property trust is set up (initial charge), or
b. If a withdrawal is made within the first 10 years, or
c. At the 10 yearly anniversary (periodic/principle charge), or
d. When funds are withdrawn after the first 10 yearly anniversary (exit charge).
The calculator will taken account payments/addition to additional trusts.
Also whether additional funds can be identified within the Trust or if the tax is to be calculated on a ‘just and reasonable’ basis.