Commentary

I5.648 Newspaper trusts and IHT

IHT, trusts and estates

I5.648 Newspaper trusts and IHT

I5.648 Newspaper trusts and IHT

The same provisions as relate to employee trusts (I5.630) apply to newspaper trusts1 as if newspaper publishing companies were included in the possible beneficiaries in IHTA 1984, s 86(1), where shares in a newspaper publishing company or its holding company are the only or principal one of the settlement.

The remaining property must be such as may be reasonably required to enable the securing of the operation of the newspaper publishing company: IHTA 1984, s 87(2), (3).

A 'newspaper publishing company' is defined as a company whose business consists wholly or mainly in the publication of newspapers

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