Commentary

I7.404 IHT chargeable on disposal of trees or underwood

IHT, trusts and estates

I7.404 IHT chargeable on disposal of trees or underwood

I7.404 IHT chargeable on disposal of trees or underwood

Where woodlands relief1 has been given on death, then IHT is chargeable2 if the whole or any part of the trees or underwood is disposed of3 (except to the disponer's spouse or, from 5 December 2005, civil partner4) before the whole or any part of that land is again comprised in a transfer on death5. The person liable for the IHT chargeable6 is the person who is entitled to the proceeds of the sale or would be so entitled if the disposal were a sale7.

A person liable for the IHT should

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