Commentary

I1.206 Estate duty—repeal

IHT, trusts and estates

I1.206 Estate duty—repeal

I1.206 Estate duty—repeal

Estate duty was repealed by FA 1975 which also introduced CTT as a replacement. FA 1975 came into force on 13 March 1975 so that estate duty applied to deaths occurring on or before 12 March 19751. A number of changes were made to estate duty law for deaths after 12 November 1974 which made estate duty rules similar to the new CTT rules. Their effect was to introduce the new rates of CTT, to apply the new arrangement (usually unlimited exemption) for transfers between husband and wife and to apply the new rules for agricultural land

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