Part 3 Related amendments in IHTA 1984
- Commencement
- Deemed disposition where omission to exercise a right increases value of another person's estate or of settled property not aggregated with a person's estate
- Potentially exempt transfers: provision in consequence of section 71 of IHTA 1984 not applying to property settled on or after 22nd March 2006
- Person's “estate” not to include certain interests in possession
- Life assurance policies entered into before 22nd March 2006
- Tax where interest in possession ends, or is treated as ending, during beneficiary's life
- Non-aggregation with deceased person's estate of property in which he had interest in possession if property reverts to settlor or passes to settlor's spouse or civil partner etc
- Rate of tax on ending of interest in possession in property settled during settlor's life
- Property entering maintenance fund after death of person entitled to interest in possession
- “Relevant property” not to include property held on trust for a bereaved child
- “Relevant property” to include property held on employee trusts or newspaper trusts if certain interests in possession subsist in the property
- Certain interests in possession to which a person becomes entitled on or after 22nd March 2006 not to be “qualifying interests in possession” for purposes of Chapter 3 of Part 3 of IHTA 1984
- New meaning of “qualifying interest in possession” not to apply in section 72 of IHTA 1984
- No charge under sections 71B, 71E etc where property held on trusts for bereaved child becomes held on trusts for charitable purposes etc
- No postponement of commencement date of settlement where property settled on or after 22nd March 2006 unless settlor, or spouse or civil partner, has immediate post-death interest
- Protective trusts
- Alterations of capital etc of close company where participator holds shares etc in company as trustee of settled property in which an interest in possession subsists
- Close company's interest in possession treated as interest of its participators
- Distributions within two years of person's death out of property settled by his will
- Interpretation of IHTA 1984