Commentary

I11.511 Qualifying property—land

IHT, trusts and estates

I11.511 Qualifying property—land

Qualifying property

I11.511 Qualifying property—land

Land of any description wherever situated qualifies for the instalment basis1. 'Land' under the Interpretation Act 19782 includes buildings and other structures, land covered with water, and any estate, interest, easement, servitude or right in or over land but by IHTA 1984, s 272 does not include any estate, interest or right by way of mortgage or other security. Until the question was resolved by the Trusts of Land and Appointment of Trustees Act 1996, which provides that (except in the case of will trusts created by testators who died before 1 January 1997)

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