relevant property trust

relevant property trust
England, Wales
A trust that includes relevant property. Relevant property trusts are subject to the specific inheritance tax regime in Chapter III, Part III of the Inheritance Tax Act 1984 (known as the relevant property regime).

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • relevant property — England, Wales A trust asset in which there is no qualifying interest in possession, except for an asset included in: • charitable trusts. • accumulation and maintenance trusts under section 71 of the Inheritance Tax Act 1984 (IHTA 1984) as… …   Law dictionary

  • relevant property regime — England, Wales The inheritance tax charging regime that relates specifically to relevant property trusts, set out in Chapter III, Part III of the Inheritance Tax Act 1984. Related terms relevant property relevant proper …   Law dictionary

  • trust for bereaved minors — England, Wales A trust for the benefit of a person aged under 18, at least one of whose parents has died, and who will become absolutely entitled to the whole of the trust property on or before his 18th birthday (section 71A, Inheritance Tax Act… …   Law dictionary

  • trust a for bereaved minor — England, Wales A trust for the benefit of a person aged under 18, at least one of whose parents has died, and who will become absolutely entitled to the whole of the trust property on or before his 18th birthday (section 71A, Inheritance Tax Act… …   Law dictionary

  • Property law — is the area of law that governs the various forms of ownership in real property (land as distinct from personal or movable possessions) and in personal property, within the common law legal system. In the civil law system, there is a division… …   Wikipedia

  • property law — Introduction       principles, policies, and rules by which disputes over property are to be resolved and by which property transactions may be structured. What distinguishes property law from other kinds of law is that property law deals with… …   Universalium

  • Trust (Recht) — Ein Trust ist im juristischen Sinn eine von einer Person unter Lebenden[1] oder für den Todesfall[2] geschaffenen Rechtsbeziehung,[3] wenn Vermögen zugunsten eines Begünstigten oder für einen bestimmten Zweck abgesondert und der gebundenen… …   Deutsch Wikipedia

  • life interest trust — A type of private trust where the life tenant is entitled to receive for life or a fixed period all or a fixed share of the income generated by the trust fund. On his death, the right to trust income will pass to another or the trust may come to… …   Law dictionary

  • Global Trust Center — The Global Trust Center is a non profit independent international organisation that develops policy, best practice and guidance to enable trust in digital interactions, such as on the Internet. It provides a forum for governments; businesses and… …   Wikipedia

  • Constructive trust — Wills, trusts and estates …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”