IHTM06020 - Rules on excepted estates: settled property
For any deaths occurring before 6 April 2002 an estate could not qualify as an excepted estate (IHTM06012) if the deceased held an interest in possession (IHTM16060) in settled property (IHTM16041).
Sl2002/1733 IHT (Delivery of Accounts) (Excepted Estates) Regulations 2002 introduced a new regulation that an estate could be an excepted estate if the deceased held an interest in a single settlement that does not exceed the cash limits below
Deaths (all dates inclusive) |
Gross value of trust |
6 April 2002 to 31 August 2006 |
£100,000 |
1 September onwards |
£150,000 |
If the deceased held an interest in possession in more than one settlement the personal representatives (IHTM05012) will still need to complete an IHT400 (IHTM10021)
