Commentary

I10.111 Dispositions by transferor

IHT, trusts and estates

I10.111 Dispositions by transferor

General rules

I10.111 Dispositions by transferor

For transfers1 after 17 March 1986 the persons liable for IHT on lifetime chargeable transfers (not potentially exempt) payable during the transferor's life (irrespective of how long he survives) are as follows2:

  1.  

    (a)     the transferor

  2.  

    (b)     the transferee, ie any person whose estate is increased in value by the transfer

  3.  

    (c)     any person in whom is vested (whether beneficially or in a fiduciary capacity) at any time after the transfer the property to which the IHT is attributable

  4.  

    (d)     any person who at any time after the transfer is beneficially entitled to an interest in possession in the property to which the IHT is attributable3

  5.  

    (e)     where by the chargeable transfer any property becomes comprised in a settlement, any person for whose benefit any of the property or income from it is

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