IHTM42913 - Employee benefit trusts: conditions for relief: sub clauses

The use of the word 바카라 사이트˜or바카라 사이트™ in IHTA84/S86(1)

The word 바카라 사이트˜or바카라 사이트™ between the sub-clauses, and between the individual parts of IHTA84/S86(1), means that the relief will apply if the beneficiaries are restricted to only one of the two classes. Although you could interpret this as meaning that the relief would not apply if the trust was for the benefit of both categories of person this is not what is meant by this paragraph.

바카라 사이트˜Relationship to바카라 사이트™ and 바카라 사이트˜dependence on바카라 사이트™ in IHTA/S86(1)(b)

The words 바카라 사이트˜relationship to바카라 사이트™ and 바카라 사이트˜dependence on바카라 사이트™ in IHTA84/S86(1)(b) are not defined in the Act. Both can be interpreted widely and you should interpret their meaning as follows:

  • 바카라 사이트˜Relationship to바카라 사이트™ would include relatives, such as a brother, sister, ancestor, direct descendant, uncle, aunt, nephew or niece, adopted or illegitimate child of the member.
  • 바카라 사이트˜Dependence on바카라 사이트™ is generally restricted to those who are financially dependent on the person in IHTA84/S86(1)(a). A child of a member may always be regarded as a dependant until they reach age 18 or cease to be in full time education (or vocational training, if later).
  • A 바카라 사이트˜dependant does not need not be a relative of the member.
  • A couple who are mutually financially dependent on one another could be said to have a 바카라 사이트˜dependence on바카라 사이트™ one another.
  • The wording is considered wide enough to include cohabiting partners.