Commentary

I1.207 Estate duty—transitional provisions

IHT, trusts and estates

I1.207 Estate duty—transitional provisions

I1.207 Estate duty—transitional provisions

A number of transitional rules concern events before 13 March 1975 and transfers of value or other events (eg sales) after that date. The charge on lifetime gifts made before 27 March 1974 but within seven years of a donor's death (four years in Northern Ireland) (see I4.563) became spent once seven years had elapsed from 27 March 1974. The provisions which continue in some cases still to have effect are the surviving spouse exemption (see I5.921–I5.926), deferred liability for estate duty on works of art etc (see I4.560) and woodlands (see I4.561), and relief

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