I7.513C Disposal on death

IHT, trusts and estates

I7.513C Disposal on death

I7.513C Disposal on death

If the person beneficially entitled to the property dies, the death is, subject to certain exceptions, a chargeable event1. The person liable for the tax is the person who, if the property were sold immediately after the death, would be entitled to receive (whether for his own benefit or not) the proceeds of sale or any income arising from the proceeds.

A chargeable event does not arise where the personal representatives of the deceased (or, in the case of settled property, the trustees or the person next entitled) within three years of death:


    (a)     give the conditionally

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