trust GWR can it cease?

[bill on line]

Dear Group

I would like ask question to increase my understanding, it does not relate to a trust in existence.

A settlor interested trust or retained intrested trust is treated by the HMRC as a gift with reservation of benefits.

Like any other GWR can the reservation on a discretionary or flexible life interest trust cease for tax planning purposes?

For example in later life the settlor may no longer want be a beneficiary of a flexible life interest trust. By deeds the settlor is removed as a beneficiary and an exclude settlor clause is added to the trust document. Because there is no longer a reservation and the settlor does not benefit from the trust property the trust is effect for IHT if the settlor lives another 7 years.

Thanks Looking
Bill

[maths]

I believe you are correct.