Commentary

I7.513E Persons liable for the IHT

IHT, trusts and estates

I7.513E Persons liable for the IHT

I7.513E Persons liable for the IHT

The persons liable for the IHT on a chargeable event are:

  1.  

    •     in the case of a material breach of an undertaking1, or

  2.  

    •     in the case of a death2

the person who, if the property were sold at the time the IHT became payable (or immediately after the death as the case may be) would be entitled (whether beneficially or otherwise) to the proceeds, or to any income arising from the proceeds, and,

  1.  

    •     in the case of a disposal by sale, gift or otherwise

the person for whose benefit the property is disposed of3.

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