A settlor had created a discretionary trust in favour of her husband. The Commissioners sought to apply the reservation of benefit provisions. Held: The settlor’s retained entitlement as a discretionary beneficiary did constitute a reservation of interest within section 102(3). However, the exemption from Inheritance Tax in favour of transfers between spouses had overriding effect, … Continue reading Inland Revenue Commissioners v Eversden and Another: ChD 10 Jul 2002