Where property subject to a reservation (see Division I3.4) ceases to be subject to a reservation within seven years of the donor's death that event is treated as a deemed potentially exempt transfer which becomes chargeable (see I3.435).
Therefore the liability rules for PETs will apply to such property.
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 13:18