Glowacki (Deceased) v Revenue and Customs: SCIT 21 Aug 2007

SCIT INHERITANCE TAX – Deed of Variation – variation purporting to take effect as a gift by the deceased before death – whether within s 142 IHTA 1984 and an exempt transfer under s 17 – no – Revenue determination that nil rate band to be set against value of ‘gifted’ property based on variation taking effect – variation of no effect because conditional on intended tax effect – determination accordingly quashed.
[2007] UKSPC SPC00631
Inheritance Tax Act 1984 142

Updated: 05 February 2021; Ref: scu.262389