Commentary

I9.301 Introduction to excluded and exempt foreign property

IHT, trusts and estates

I9.301 Introduction to excluded and exempt foreign property

Division I9.3     Excluded and exempt foreign property

Revised by
MALCOLM GUNN

For updates affecting this Division please see Part I0 Updates

IHT—excluded and exempt foreign property

I9.301 Introduction to excluded and exempt foreign property

The IHT legislation provides that certain types of property with a foreign element or connection are 'excluded property' or specifically exempt from charge; the types of property in these categories are summarised in I9.311.

The consequences of property falling within the definition of excluded property are set out and discussed in I3.254, I4.121 and I9.101. Briefly, no account is taken of the value of excluded property which ceases

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