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Home / Simons-Taxes /IHT, trusts and estates /Part I9 Foreign element /Division I9.4 Locality (situs) of assets for IHT /Situs of equitable interests for IHT / I9.439 Situs of interests under a contract for sale of land for IHT
Commentary

I9.439 Situs of interests under a contract for sale of land for IHT

IHT, trusts and estates

A purchaser's interest under a contract for the purchase of land is proprietary and is situated where the property is1.

A similar principle applies to personalty where the contract is specifically enforceable.

There has been some uncertainty regarding the situs of a vendor's interest in land under a contract

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