Chapter OT28615

Published date13 March 2016
Record NumberOT28615
CourtHM Revenue & Customs

Any property held subject to the Decommissioning security settlement, whether money or alternative provision such as standby letters of credit was, prior to FA2013, settled property for Inheritance Tax purposes (IHT) and as such is ‘relevant property’ within the meaning of S58(1) Inheritance Act 1984 (‘IHTA84’). Relevant property held in settlements is within the charge to IHT in accordance with the provisions contained in IHTA84\Part 3.

FA2013\S86 removes the charge to IHT on property held in decommissioning security settlements. This is...

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