Commentary

I7.602 Chevening Estate

IHT, trusts and estates

I7.602 Chevening Estate

I7.602 Chevening Estate

Property held on the trusts of the trust instrument set out in the Schedule to the Chevening Estate Act 1959 is exempt from any IHT charges because the IHT provisions do not apply to it1. Chevening Estate was left to the nation in 1967 by the seventh Earl of Stanhope on the condition that it was occupied by either the Prime Minister of the day, a Cabinet Minister or a descendant of King George VI. The Prime Minister has the power to nominate the occupant. The Chevening Estate Act 1959 and the Chevening Estate Act

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