Commentary

I7.513D Associated property

IHT, trusts and estates

I7.513D Associated property

I7.513D Associated property

When any item of associated property is the subject of a chargeable event because of a breach of an undertaking, that is a chargeable event in respect of all the associated properties1. However, if the Board are satisfied that the breach does not materially affect the associated properties as a whole they can direct that the event relates only to the item concerned2. Similarly the disposal of any item of related property will not necessarily be interpreted as a chargeable event in relation to other related property.

For this purpose the following properties are associated with each other3:

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