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.
Citations:
[2007] UKSPC SPC00631
Links:
Statutes:
Inheritance Tax
Updated: 12 July 2022; Ref: scu.262389
