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 (
IHTM24153) are satisfied on the death
of A’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 on any case where the
relationship between IHTA84/S121 (1)(b) and IHTA84/S119 (2) is in
point to TG.
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.
