��Ƶ

Home / Simons-Taxes /IHT, trusts and estates /Part I7 Special reliefs /Division I7.1 Business property relief (BPR) /Settled property / I7.161A BPR and QIIP trusts

I7.161A BPR and QIIP trusts

IHT, trusts and estates

Where settled property is subject to a qualifying interest in possession (QIIP) (see Division I5.2) for BPR purposes the person entitled to the interest in possession (the life tenant) is treated as the owner of that

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

TAKE A FREE TRIAL

A4.204 Claims procedure—corporation tax

I9.421 Situs of simple contract debts for IHT

B2.306 General tests for distinguishing between capital and revenue expenditure

C2.1020 Employment-related securities options and capital gains

D7.1140 Methods of leaving the REIT regime

B5.123 BPS—negligible value claims

C1.213 Liability to tax on chargeable gains—trustees in bankruptcy

C2.501A Compensation and capital gains tax—overview

I4.562 Sales and mortgages of reversionary interests

C2.1231 Leases—deemed premiums

D6.618 Capital treatment on a purchase of own shares—HMRC advance clearance and reporting obligations

E4.1318 Special mixed fund rules

I8.335 Valuation on death of partner in service

C2.1168 Property rich collective investment vehicles—ceasing to meet the exemption election requirements

B8.210 Restrictions on sideways loss relief

C1.511 Use of Mansworth v Jelley losses

I5.221 Lifetime termination of QIIP—general

E7.234 Other types of lifetime benefit lump sum

C2.1173 Interaction of the exemption election regime with other capital gains exemptions

B2.472 Tax and tax-related expenditure