For updates affecting this Division please see Part I0 Updates
IHT treatment of reversionary interests
I5.701 Meaning of 'reversionary interest'
This division details the rules concerning reversionary interests in settled property, and when they are and when they are not chargeable to IHT.
A 'reversionary interest' is defined in IHTA 1984 as follows:
'In this Act “reversionary interest” means a future interest under a settlement, whether it is vested or contingent (including an interest expectant on the termination of an interest in possession which, by virtue of section 50 [see I5.212–I5.215] below, is treated as subsisting in part of any property) and in relation to Scotland includes an interest
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 16:48