# Talk:Taxation of trusts (United Kingdom)

Simplifying a little, the rate of IHT is a proportion of the 6% charge which applies every ten years. The proportion is the number of years since either creation or the last ten year charge, divided by ten. So if Trust A was created in 2001, and an appointment (payment) is made in 2009, 8 years have elapsed so the charge is ${\displaystyle (8\div 10)\times 6\%=4.8\%}$. Trust B is created in 2004. It is still in existence in 2014 so a tax charge of 6% is made. An appointment (payment) to beneficiaries is made in 2017; this is 3 years after the last charge so the IHT due is ${\displaystyle (3\div 10)\times 6\%=1.8\%}$