Claims may be made on more than one occasion up to a "lifetime" total of £10 million.
Notes
Transfers between husband and wife or civil partners living together are generally exempt.
Capital gains of all trusts for 2011/12 are taxed at the rate of 28%. Where there are several trusts created by the same settlor, the annual exemption is divided equally between them, subject to a minimum exemption of £1,060 for each trust.
