INHERITANCE TAX – settled property – interest in possession – testator’s will gave directions to trustees permitting two married persons to live in house so long as they so wished – after the testator’s death both moved into the house until the death of the survivor – whether the survivor beneficially entitled to an interest in possession – yes – whether, if so entitled, the interest in possession subsisted in the whole of the property – yes – or whether it was shared with the three residuary beneficiaries – no – appeal dismissed – IHTA 1984 ss 49(1) and 50(5)
Judges:
Dr A N Brice
Citations:
[2001] UKSC SPC00278
Links:
Statutes:
Inheritance Tax Act 1984 49(1) 50(5)
Inheritance Tax
Updated: 10 June 2022; Ref: scu.195371