Silber v Revenue and Customs: FTTTx 14 Nov 2012

FTTTx INHERITANCE TAX – whether amount paid by the deceased to a company owned by him was a loan or a gift – found on the evidence a loan – whether a payment made by legatees under a will to a third party in settlement of litigation concerning the validity of the will was in discharge of a liability of the deceased which was deductible in computing his estate for IHT purposes – held it was not – whether further charitable payments made by a legatee and personal representative of the deceased attracted an exemption from IHT in the computation of the IHT due on the death of the deceased – held no – appeal dismissed
[2012] UKFTT 700 (TC)
England and Wales

Updated: 27 October 2021; Ref: scu.466258