Commentary

I5.317 Calculating exit charges—miscellaneous points

IHT, trusts and estates

I5.317 Calculating exit charges—miscellaneous points

I5.317 Calculating exit charges—miscellaneous points

Exits within 3 months

If the occasion of charge is within one quarter (three months) of the commencement of the settlement, the 'appropriate fraction' would be zero1. However, there is a total exception from charge in these circumstances (I5.331).

The fact that there is a total exception from charge, rather than a charge at 0%, can be of critical importance where a particular relief depends upon an event being a chargeable one (for example holdover relief under TCGA 1992, s 260).

Identifying mixed relevant property

Where different parts of the settled property become relevant property comprised

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