Does a disabled person’s settlement qualify as a life interest trust?

[William Chalk]

Does a disabled person’s settlement qualify as a life interest trust for the purposes of SDLT where the trust purchases a property for the disabled person to occupy?
If so, and the property costs less than £300,000, does it follow that if the beneficiary of the trust is a first time buyer, no SDLT will be payable under the new rules for first time buyers?

[Patrick]

William, the relief applies to purchasers who are individuals and there is no provision that deems purchasers who are the trustees of a settlement to be the beneficiary for the purposes of the relief. The position would be different in the case of a bare trust.

[Author]

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