Commentary

I5.263 QIIPs and dispositions for maintenance of family

IHT, trusts and estates

I5.263 QIIPs and dispositions for maintenance of family

I5.263 QIIPs and dispositions for maintenance of family

A disposition of an interest in possession (or part of one) which satisfies the conditions for dispositions for maintenance of family (I3.151–I3.153) is excepted from being treated as the coming to an end of the interest1. It should be noted that this does not take out of IHT charge a disposition which satisfies the family maintenance conditions and is of a qualifying interest in possession (QIIP), but which brings about an actual termination of the interest. This could include, for example, a surrender of a QIIP so that it vests, in possession,

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