IHTM42604 - Foreign element: offshore trust declaration IHTA84/S218
Under IHTA84/S218, where any person,鈥�in the course of听a trade or profession carried on by them, other than the profession of a barrister, has been concerned with the making of a settlement and knows or has reason to believe鈥�听
that the settlor was long-term UK resident (IHTM47000) (from 6 April听2025) or was domiciled (IHTM13000) in the United Kingdom听(to 6 April 2025), and鈥�听
that the trustees of the settlement are not or will not be resident in the United Kingdom,鈥�听
that person must, within three months of the making of the settlement, make a return to the Board stating听the names and addresses of the settlor and of the trustees of the settlement.鈥�听
S218 does not apply if the trust is made by will or if an account IHT100 regarding听the creation of the trust has been delivered to us.鈥�听
A penalty arises under IHTA84/S245A (1) if a person fails to听make a return under S218 within 3 months.鈥�(IHTM36010)听