IHTM34138 - Qualifying investments: reversionary interests

You should not treat shares comprised in a reversionary interest ( IHTM16231) as part of the estate for the purposes of this relief. This is because the reversionary interest is excluded property ( IHTM04000) under IHTA84/S48 and does not form part of the deceased’s estate under IHTA84/S5 (1). The qualifying investments ( IHTM34131) must be in the deceased’s estate in order to be considered for relief, IHTA84/S178 (2).