Commentary

I5.117 Arrangements that are not settlements for IHT

IHT, trusts and estates

I5.117 Arrangements that are not settlements for IHT

I5.117 Arrangements that are not settlements for IHT

The following do not fall within IHTA 1984, s 43(2):

  1.  

    •     personal covenants or contracts to pay annuities or other periodical payments (although these are treated as settlements for income tax purposes1)

  2.  

    •     the share of a tenant in common of land who is of full age and entitled to the share absolutely, even if other shares of the same land remain settled

  3.  

    •     a bare trust or nomineeship of property for a person of full age

  4.  

    •     the unadministered estate of a deceased person — see I5.161–

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