# Finance Act 2025, Paragraph 10: IHTA 1984

Extent: E+W+S+N.I.

(1) Section 64 (charge at ten-year anniversary) is amended as follows.
(2) In subsection (1B), for the words from the beginning to “ten-year anniversary falls” substitute “Where the settlor of property comprised in a settlement meets the condition in subsection (1BZA)”.
(3) After that subsection insert—
“(1BZA) The condition is that the settlor—
(a) is alive and is not a long-term UK resident immediately before the ten-year anniversary,
(b) died on or after 6 April 2025 and was not a long-term UK resident immediately before their death, or
(c) died before 6 April 2025 and was not domiciled in the United Kingdom when the property became comprised in the settlement.”
(4) In subsection (1BA), for “subsection (1B)” substitute “subsection (1BZA)(c)”.

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Source: https://www.legislation.gov.uk/ukpga/2025/8/schedule/13/paragraph/10 (the official version)
Page: https://openlegislation.uk/finance-act-2025/schedule-13/paragraph-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.