Commentary

I5.812 Specific provisions in IHTA 1984 concerning settlements in Scotland

IHT, trusts and estates

I5.812 Specific provisions in IHTA 1984 concerning settlements in Scotland

I5.812 Specific provisions in IHTA 1984 concerning settlements in Scotland

Meaning of settlement

'Settlement' is extended to include entails and proper liferents1. This is because both are types of interests in land for persons in succession where the property is held directly by those persons. In England such interests can only exist as interests under trusts (see I5.811). 'Settlement' also expressly includes deeds, dispositions etc by virtue of which an annuity is charged on, or on the rents of, property2. The reason for this specific provision concerning annuities is presumably related to the nature of an annuitant's remedy to enforce

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