Commentary

I12.403 Land—the disposal and contribution conditions

IHT, trusts and estates

I12.403 Land—the disposal and contribution conditions

I12.403 Land—the disposal and contribution conditions

The disposal condition1 with regard to land is that (a) at any time after 17 March 1986 the 'chargeable person' has owned an interest either in the 'relevant land' (ie the land now occupied by him) or in other property the proceeds of which were applied (directly or indirectly) by another person towards the acquisition of an interest in the relevant land; and (b) the chargeable person has disposed of part or all of his interest in the relevant land or the other property otherwise than by an 'excluded transaction' (as to which see

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