SCIT INHERITANCE TAX – insolvent estate – whether Appellant liable for inheritance tax as a person in whom the property was vested in respect of a joint account held by the Appellant and the deceased – yes – appeal dismissed – IHTA 1984 Ss1-5 and 200(1)(c)
CAPITAL TRANSFER TAX – insolvent estate – whether Appellant liable for capital transfer tax as transferee in respect of a disposition made by the deceased before his death being the grant to the Appellant of a licence to occupy property rent free – yes – appeal dismissed – FA 1975 Ss 19, 20, 23 and 25
Citations:
[2005] UKSPC SPC00474
Links:
Inheritance Tax
Updated: 01 July 2022; Ref: scu.228322
