Do Trusts have Inheritance Tax?

A trust may have an entry charge ( if a CT),a 10 year anniversary charge and exit charge. If the transfer of assets to a Discretionary Trust is above the NRB there is a 20% Inheritance tax charge, with the other 20% charged on death within 7 years, subject to taper relief. There are 10 yearly inheritance tax charges on Trust ( maximum 10%). There are exit charges depending upon the time the trust has been in existence.