So far as the IHT on the transfer on death is attributable to the value of any property, IHTA84/S200 (1)(c) imposes liability on
Reference to any property includes any property directly or
indirectly representing it (IHTA84/S200 (4).
The persons IHTA84/S200 (1)(c) most commonly applies to are
Other persons liable under IHTA84/S200 (1)(c) include
purchasers, subject to limitation (
It is considered that, in Scotland, property passing under a contractual survivorship destination (IHTM15090) on a death comes under IHTA84/S200 (1)(c), and that liability for tax on any such property lies with the survivor.
Under IHTA84/S200 (4), applying IHTA84/S199 (4), persons in whom property is vested include