ÀÏ˾»úÎçÒ¹¸£Àû

Home / Simons-Taxes /IHT, trusts and estates /Part I4 Transfers on death /Division I4.4 Post-death rearrangements /Post-death rearrangement—other provisions / I4.451 Redistribution by legatee (precatory trusts)
Commentary

I4.451 Redistribution by legatee (precatory trusts)


IHT, trusts and estates

I4.451 Redistribution by legatee (precatory trusts)

If a testator expresses a wish that property gifted by his Will should be transferred by the legatee to other persons, and the legatee transfers any of the property in accordance with that wish:

  1. Ìý

    •ÌýÌýÌýÌý the transfer is not a transfer of value1, and

  2. Ìý

    •ÌýÌýÌýÌý IHT applies as if the property transferred had been gifted by the Will to the transferee

if the transfer by the legatee is made within the

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
TAKE A FREE TRIAL TAKE A FREE TRIAL

Web page updated on 17 Mar 2025 17:45