IHTM24134 - Successive transfers: Examples of relief

Example 1

The facts in the example at IHTM24123 also illustrate the operation of IHTA84/S121

  • assuming Longacre was situated in England, the four conditions for successive transfers (IHTM24131) are satisfied on the death of A바카라 사이트™s widow, so relief would have been available under S121 even if it had not been available with the occupation condition being satisfied through IHTA84/S120 (1), but
  • if Longacre had been situated in Scotland, and so occupied by a Scottish partnership, the occupation requirement in IHTA84/S121 (1)(b) is satisfied only if IHTA84/S119 (2) applies. You should seek advice from Technical on any case where the relationship between IHTA84/S121 (1)(b) and IHTA84/S119 (2) is in point.

Example 2

The example at IHTM24102, illustrates the operation of IHTA84/S121 where the ownership is of a reversionary interest.

Example 3

The example at IHTM24111, illustrates the operation of IHTA84/S121 where the replacement property provisions are in point.