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Home / Simons-Taxes /IHT, trusts and estates /Part I10 Liability and incidence /Division I10.1 Liability /Liability rules / I10.122 Conditionally exempt heritage property
Commentary

I10.122 Conditionally exempt heritage property

IHT, trusts and estates

Where IHT has been deferred by conditional exemption1 on the transfer of value of qualifying heritage property and IHT later becomes payable because either the statutory undertaking is not observed, the person beneficially entitled to the property dies, or the property is disposed of, the person liable is:

  1. Ìý

    •ÌýÌýÌýÌý on a breach of the undertaking,

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