Commentary

I4.149D Guarantee debts

IHT, trusts and estates

I4.149D Guarantee debts

I4.149D Guarantee debts

Where the deceased guaranteed the debt of another, and it was not done gratuitously, a deduction will be allowed for the part of the debt which the debtor cannot meet1. This may have the consequence that giving the guarantee in the first place was a lifetime transfer of value2.

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