[71A Trusts for bereaved minors]
Inheritance Tax Act 1984 (1984 c 51) | Legislation

[71A  Trusts for bereaved minors]

[(1)     This section applies to settled property (including property settled before 22nd March 2006) if—

(a)     it is held on statutory trusts for the benefit of a bereaved minor under sections 46 and 47(1) of the Administration of Estates Act 1925 (succession on intestacy and statutory trusts in favour of issue of intestate), or

(b)     it is held on trusts for the benefit of a bereaved minor and subsection (2) below applies to the trusts,

but this section does not apply to property in which a disabled person's interest subsists.

(2)     This subsection applies to trusts—

(a)     established under the will of a deceased parent of the bereaved minor, or

(b)     established under the Criminal Injuries Compensation Scheme, [or

(c)     established under the Victims of Overseas Terrorism Compensation Scheme,]

which secure that the conditions in subsection (3) below are met.

(3)     Those conditions are—

(a)     that the bereaved minor, if he has not done so before attaining the age of 18, will on attaining that age become

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