Commentary

I4.561 Estate duty and woodlands relief

IHT, trusts and estates

I4.561 Estate duty and woodlands relief

I4.561 Estate duty and woodlands relief

Under estate duty there was a relief for woodlands similar to the IHT relief whereby liability was deferred until the timber was felled. This potential liability ends as soon as there is a transfer of value of the woodlands concerned other than a transfer that is exempt as a gift to a spouse1. Thus this liability can come to an end on the death of the owner of the woodlands if they do not devolve on that person's spouse. See I7.401 for full details.

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