Commentary

I3.217 Excluded property in the death estate

IHT, trusts and estates

I3.217 Excluded property in the death estate

I3.217 Excluded property in the death estate

Excluded property is, broadly speaking, reversionary interests in settled property satisfying certain conditions, foreign property in foreign ownership, and, for transfers of value on or after 3 December 2014, 'relevant decorations or awards' which have never been the subject of a disposition for a consideration in money or money's worth (including a disposition of part or of an interest in it)1. A 'relevant decoration or award' is defined to include awards that are:

  1.  

    •     designed to be worn to denote membership of an Order, including an Order outside the UK

  2.  

    •     awarded for

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