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Keith Olding

Keith Olding

Joined: 12/17/2024

  • Form IHT100b on ending a life interest

    Tue, 17 Dec 2024 11:03:14 GMT – Form IHT100b on ending a life interest
    If someone has a life interest in a Qualifying interest In Possession Trust created on the death of a spouse, but later (with the Trustees) brings the Trust to an end, passing the trust assets to the remaindermen, is this a PET? IT seems that form IHT100b is required in this situation, but form IHT100b seems to treat the event as taxable for IHT, with no provision for a PET.