Commentary

I12.402 Scope of the provisions

IHT, trusts and estates

I12.402 Scope of the provisions

I12.402 Scope of the provisions

The charge applies in three main sets of circumstances:

  1.  

    (i)     where land is occupied and the disposal condition or contribution condition is met in relation to it1;

  2.  

    (ii)     where there is the possession or use of chattels and the disposal condition or contribution condition is met in relation to them2; or

  3.  

    (iii)     where intangible property is held in a settlor interested trust.

Each of these circumstances is explored in more detail below.

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