»Ê¹ÚÌåÓýapp

In the case of an ‘excepted termination� (IHTM10834) the regulations provide for the settlement trustees to be automatically discharged from any obligation to deliver an account, and from any claim to tax, once 6 months from the termination have elapsed unless

• there has been fraud or failure to disclose material facts
• at some time later it comes to light that the termination was not an excepted termination, or
• during the 6 month period they have been served notice in writing requiring the delivery of an account.

»Ê¹ÚÌåÓýapp discharge does not affect the liability to tax of any persons other than the trustees of the settlement, or the trusteesâ€� liability to pay tax on any other property.