Commentary

Section I4.433 Consequences of section 144 appointments

IHT, trusts and estates

Section I4.433 Consequences of section 144 appointments

I4.433 Consequences of section 144 appointments

The consequences of IHTA 1984, s 144 applying are two-fold. First, there is no IHT charge on a distribution1. But it should be noted that where s 144(1) applies there is no exemption from the ten-year charge (see I5.350) or to the charge made (in lieu of the ten-year charge) under IHTA 1984, s 79 (see I7.531) on certain conditionally exempt property. The ten-year periodic charge can only become payable during the two years after the testator's death if he had added property by his Will to an existing settlement and a ten-year anniversary

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