Commentary

I11.521 Trees and underwood

IHT, trusts and estates

I11.521 Trees and underwood

I11.521 Trees and underwood

Liability to IHT in respect of trees or underwood transferred on a death may be deferred until they are subsequently disposed of1. If the beneficiary under the Will or intestacy sells the trees or underwood for full commercial consideration he must pay the amount of the deferred IHT2. If he disposes of the trees or underwood by way of a chargeable transfer he must pay the deferred IHT within six months of the end of the month in which the disposal occurred3. He is also liable for IHT on his own chargeable transfer of a value

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