Commentary

I12.807 Reversionary interests—their rearrangement

IHT, trusts and estates

I12.807 Reversionary interests—their rearrangement

I12.807 Reversionary interests—their rearrangement

There can often be an IHT advantage in making dispositions of or rearrangements involving reversionary interests, provided that they are excluded property (ie provided that they have not been acquired for consideration in money or money's worth etc) so that such dispositions will not give rise to any IHT charges, or indeed CGT or stamp duty.

For instance, where a fund is held on trust for A for life remainder to B absolutely, and B is now middle aged with young children and has no need of the assets comprised in his reversion, he can make an

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