Commentary

I4.132 Trustees' annuities left out of the death estate

IHT, trusts and estates

I4.132 Trustees' annuities left out of the death estate

I4.132 Trustees' annuities left out of the death estate

A settlement may provide that as remuneration for a trustee's services as a trustee he is to be entitled to an interest in possession in a part of the settled property.

To the extent that this represents no more than a reasonable amount of remuneration it would be unfair to impose any IHT charge. It is therefore provided that as a general rule the trustee's interest is to be left out of account in determining the value of his estate immediately before his death1.

This presumably means that both the right

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