Commentary

I12.301 Gifts with reservation

IHT, trusts and estates

I12.301 Gifts with reservation

Division I12.3     The gifts with reservation of benefit provisions

Revised by
MALCOLM GUNN CTA

For updates affecting this Division please see Part I0 Updates

The gifts with reservation of benefit provision

I12.301 Gifts with reservation

Whatever the subject matter and the form of the gift, particular regard must be had to the IHT reservation of benefit rules described in detail in Division I3.4. If infringed, these rules can prevent time from running, with the result that on death the property given away is deemed to remain in the estate of the donor and valued and taxed accordingly. In addition, the CGT uplift

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