Inheritance tax
Inheritance tax
- 1998
- Estates Gazette [1998] EGCS 181 (16/01/99) .
"Ingram and another v Inland Revenue Commissioners" HL 10 December 1998. Deceased transferred freehold of home to her solicitor as a nominee for herself. Solicitor granted to her two 20-year leases free of rent. At issue whether inheritance tax payable on value of freehold at date of I`s death. High Court held Finance Act 1986 s102 did not apply. CA allowed Revenue`s appeal. HL allowed Executor`s appeal.
FINANCE ACT 1986 S102
INGRAM AND ANOTHER V INLAND REVENUE COMMISSIONERS
INHERITANCE TAX
TRANSFER OF PROPERTY
"Ingram and another v Inland Revenue Commissioners" HL 10 December 1998. Deceased transferred freehold of home to her solicitor as a nominee for herself. Solicitor granted to her two 20-year leases free of rent. At issue whether inheritance tax payable on value of freehold at date of I`s death. High Court held Finance Act 1986 s102 did not apply. CA allowed Revenue`s appeal. HL allowed Executor`s appeal.
FINANCE ACT 1986 S102
INGRAM AND ANOTHER V INLAND REVENUE COMMISSIONERS
INHERITANCE TAX
TRANSFER OF PROPERTY