Commentary

I3.560 Double charges relief—non-deductible debts

IHT, trusts and estates

I3.560 Double charges relief—non-deductible debts

I3.560 Double charges relief—non-deductible debts

The IHT (Double Charges Relief) Regulations 1987 reg 61 relieves from double charges in circumstances such as the following: A makes a gift to B or makes a gift into a settlement with B as trustee. A then borrows money from B and after that dies. The original gift is a chargeable transfer, either as a result of A's death within seven years of it or because it is a chargeable transfer from the outset. A's debt to B is not deductible for IHT purposes from A's death estate2 — see I4.151–I4.154.

For more general aspects

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