CGT
Unlike IHTA 1984, s 142, s 144 has no corresponding provision for CGT purposes (see I4.421) and therefore the distribution of property settled by a Will within two years of a testator's death may be a disposal for CGT purposes.
For example, if an individual becomes absolutely entitled to the property as against the trustees or a new, separate settlement is created, this disposal may give rise to a chargeable gain (see I5.1017). If there is a CGT charge,
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 13:58