Commentary

I12.416 Ingram schemes

IHT, trusts and estates

I12.416 Ingram schemes

I12.416 Ingram schemes

The steps involved in the scheme considered in the Ingram case are summarised at I12.309. Whether the scheme has been implemented in respect of land or chattels, Sch 15 will apply because:

  1.  

    (i)     the chargeable person continues to occupy the land or is in possession or has the use of the chattel (thus fulfilling the requirement in para 3(1)(a) or 6(1)(a) as the case may be) by virtue of his retained leasehold interest; and

  2.  

    (ii)     the gift of the freehold reversion to the donee satisfies the disposal condition; the chargeable person owned an interest in the relevant

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial