Commentary

I4.152 Non-deductible liability to donee―meaning of terms

IHT, trusts and estates

I4.152 Non-deductible liability to donee―meaning of terms

I4.152 Non-deductible liability to donee―meaning of terms

The meanings of 'property derived from the deceased' and 'subject matter' for the purposes of FA 1986, s 103 are provided by FA 1986, s 103(3), (6). 'Disposition' includes a disposition effected by associated operations1. For the meaning of disposition and of associated operations see I3.112 and I3.115.

'Property derived from the deceased' includes any property which:

  1.  

    •     was the subject matter of a disposition made by the deceased, either alone or in concert or by arrangement with any other person, or

  2.  

    •     represented any such subject matter, whether directly or indirectly, and whether

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