Commentary

I4.147 Liabilities incurred in connection with insurance made after 30 June 1986

IHT, trusts and estates

I4.147 Liabilities incurred in connection with insurance made after 30 June 1986

I4.147 Liabilities incurred in connection with insurance made after 30 June 1986

FA 1986, s 103(7) provides that in determining the value of a person's estate immediately before his death, no account shall be taken of any liability arising under or in connection with a policy of life insurance issued in respect of an insurance made after 30 June 1986 unless the whole of the sums assured under that policy form part of that person's estate immediately before his death.

This is presumably to prevent insurance companies providing arrangements such as, perhaps, a policy on the donor's own life which is

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