Commentary

I1.202 Estate duty—reliefs

IHT, trusts and estates

I1.202 Estate duty—reliefs

I1.202 Estate duty—reliefs

In 1910 exemption from estate duty was introduced for gifts which were made on the occasion of marriage and for gifts which were normal and reasonable or which did not exceed £100 in the case of any donee1. 1910 also saw the introduction of special rules for woodlands2. 1911 witnessed the introduction of a special rule of valuation for agricultural cottages3. 1914 saw the first general exemption for estates of those killed in war4. In 1925 a special reduced rate was first applied to agricultural property5. 1931 saw the introduction of a power (unrestricted as to time)

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