Commentary

I12.1144 'Formula' non-exempt gifts and business or agricultural property

IHT, trusts and estates

I12.1144 'Formula' non-exempt gifts and business or agricultural property

I12.1144 'Formula' non-exempt gifts and business or agricultural property

There remain some situations, described in I12.1117, where nil-rate band discretionary trusts taking effect on the death of the first to die of spouses or civil partners continue to be worth using. Where the circumstances are such that a nil-rate band discretionary trust on the death of the first to die is desirable, and there is business or agricultural property entitled to IHT business or agricultural relief, there are some additional factors to take into account. Where the nil-rate band legacy is given to non-exempt beneficiaries (or a discretionary trust) by

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