Commentary

I3.712 The contribution condition (land)

IHT, trusts and estates

I3.712 The contribution condition (land)

I3.712 The contribution condition (land)

The 'contribution condition' in relation to any land is that at any time after 17 March 1986 the chargeable person has directly or indirectly provided, otherwise than by an excluded transaction (see I3.723), any of the consideration given by another person for the acquisition of:

  1.  

    (a)     an interest in the relevant land, or

  2.  

    (b)     an interest in any other property the proceeds of the disposal of which were (directly or indirectly) applied by another person towards the acquisition of an interest in the relevant land1

The requirement in (a) above (contained in FA 2004, Sch 15, para 3(3)(a)) applies where the taxpayer occupies any land, having at any time after 17 March 1986 provided any consideration given by another person in acquiring that land.

The requirement in (b)

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