Commentary

I5.205 Immediate post-death interest (IPDI)

IHT, trusts and estates

I5.205 Immediate post-death interest (IPDI)

I5.205 Immediate post-death interest (IPDI)

While settled property is an immediate post-death interest (IPDI), it will not be subject to the relevant property charging regime described in Division I5.3.

A person's interest in possession is an IPDI only if:

  1.  

    (1)     the interest in possession arises under a settlement effected by Will or intestacy1. HMRC accepts that an IPDI can arise by the exercise of a general power of appointment by Will — see HMRC's answer to question 15 submitted by STEP and CIOT in relation to FA 2006, Sch 20 on 7 September 2006

  2.  

    (2)     the person became beneficially entitled

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