Commentary

I4.431 Distributions within two years of death — the basics

IHT, trusts and estates

I4.431 Distributions within two years of death — the basics

Distributions out of settled property within IHTA 1984, s 144

I4.431 Distributions within two years of death — the basics

IHTA 1984, s 144(1) applies where property comprised in a person's estate has been settled by his Will and, within two years of his death, an event occurs which would otherwise have given rise to an exit charge on that property under the relevant property rules (see Division I5.3).

The term 'distribution'

The term 'distribution' is used here and in I4.432–I4.435 to refer to any event which is an occasion of charge on relevant property. An event which happens under the provisions of the Will rather than by

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