I1.101 Before estate duty—introduction

IHT, trusts and estates

I1.101 Before estate duty—introduction

Part I1     Outline of and history to current IHT regime

Contents of Part I1

I1.1     Before estate duty

I1.2     Estate duty

I1.3     CTT (capital transfer tax)

I1.4     IHT

I1.5     Overview of current IHT regime

Division I1.1     Before estate duty

For updates affecting this Division please see Part I0 Updates

Before estate duty

I1.101 Before estate duty—introduction

The distinction between income and capital taxation is less than precise owing to the difficulty of defining income. To some, the receipt of a gift or a legacy or the realisation of a capital gain or indeed the accretion of a capital gain without any realisation,

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