Zoe Elizabeth Norton

Solicitor, Druces LLP

A solicitor in the Private Wealth Team at Druces LLP, Zoe trained at the firm and qualified in September 2023. She provides assistance to all of the partners in Druces’ Private Wealth Team and has a caseload covering estate planning and tax advice, drafting Wills, settling and registering trusts, administering trusts and estate. Zoe also assists with contentious probate matters, which she finds not only interesting but a useful lesson in what not to do when providing non-contentious estate planning advice.

Contributed to

1

IHT—gifts with reservation of benefit

Practice Notes

This Practice Note, maintained in partnership with Matthew Duncan and Zoe Norton of Druces LLP, provides a summary of the gift with reservation of benefit (GWR or GROB) regime under section 102 of the Finance Act 1986. If a GWR has occurred and there is a reserved benefit such that the donee did not take possession or did not enjoy the gifted property to the entire exclusion or virtually to the entire exclusion of the donor, the value of that gift will form part of the donor’s estate for inheritance tax (IHT) purposes on death. This Practice Note considers when a disposal may be subject to a reservation of benefit, exceptions from the regime, its interaction with the pre-owned assets charge (POA charge or POAT) and how the GWR regime applies in practice.

Private Client