Commentary

I7.546 Maintenance funds—application of other taxes

IHT, trusts and estates

I7.546 Maintenance funds—application of other taxes

I7.546 Maintenance funds—application of other taxes

Capital gains tax

Where there is a transfer of property after 13 March 1989 which is exempt from IHT under these rules as a result of the property going into a maintenance fund, CGT hold-over relief can be claimed1 so that no CGT has to be paid and the trustees carry forward the CGT base cost of the transferor. For a summary of this type of hold-over relief see I3.613. This is also the case where interest in possession settled property passes into a maintenance fund2, including a case where such settled property passes into a maintenance fund within two years of the death of a person entitled to an interest in possession in it, in

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