释义 |
immediate post-death interest trust As defined by the Inheritance Tax Act 1984 s 49(A), a trust established under a will such that the beneficiary is entitled to receive the income of the trust immediately on the date of death of the testator. The assets of such a trust are treated as forming part of the estate of the beneficiary for inheritance tax purposes. A trust arising on an intestacy where a surviving spouse of the intestate has a life interest in the estate also qualifies as an immediate post-death interest trust. |