Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.
- AI tax research with linked legislation and Finance Act changes
- Commentary, official guidance, publications and training material
- Case law, appeals and tribunal decisions in one place
Inheritance Tax Act 1984 section 49
Treatment of interests in possession
Section 49 establishes the principle that a person with an interest in possession in a trust is treated as owning the underlying trust property for inheritance tax purposes, subject to important restrictions introduced from 22 March 2006 and an anti-avoidance rule for purchased interests.
Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.