# Inheritance Tax Act 1984, Section 62: Related settlements.


(1) For the purposes of this Chapter two settlements are related if and only if—
(a) the settlor is the same in each case, and
(b) they commenced on the same day,
but subject to subsection (2) below.
(2) Two settlements are not related for the purposes of this Chapter if all the property comprised in one or both of them was immediately after the settlement commenced held for charitable purposes only without limit of time (defined by a date or otherwise).

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Source: https://www.legislation.gov.uk/ukpga/1984/51/section/62 (the official version)
Page: https://openlegislation.uk/inheritance-tax-act-1984/section-62
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.