IHTM09756 - Sales of related property, etc: who may make sales?

To qualify for relief the sale must be by the deceased바카라 사이트™s personal representatives or by persons in whom the property (IHTM04030) vested immediately after the death, IHTA84/S176 (3)(a). This might include

  • the trustees of a settlement where the deceased was life tenant of the settled property, or
  • a surviving joint tenant or a survivor under a special destination in the title of land.

Where the property forms part of the deceased바카라 사이트™s personal estate at death, this condition is likely to exclude any sale by a beneficiary under will or intestacy.

Although the legislation reads 바카라 사이트˜in whom the property concerned vested바카라 사이트™ you should take this as reading 바카라 사이트˜was vested바카라 사이트™ so as not to exclude vendors, for example, trustees, in whom the property was vested before death.