I5.723 Exceptions To Reversionary Interests Being Excluded—Introduction

Home / Simons-Taxes /IHT, trusts and estates /Part I5 Settled property /Division I5.7 Reversionary interests and powers of appointment /Exceptions to the general rule for a reversionary interest / I5.723 Exceptions to reversionary interests being excluded—introduction

Commentary

IHT, trusts and estates

I5.723 Exceptions to reversionary interests being excluded—introduction

Reversionary interests that fall within the following categories are not treated as excluded property:

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•�� interests that have been purchased after the interest has been purchased for money or money's worth for the first time (see I5.724)
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•�� interests that have been owned by the settlor or his spouse or civil partner (see I5.725)
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•�� interests purchased

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