Lee & Anor (Executors of CE Lee) v IR Commrs (2002) Sp C 349
Dr John F Avery Jones.
Decision released 11 December 2002.
Inheritance tax – Unit trusts – Tax relief for sale within 12 months of death – Investment in unit trusts discovered more than 12 months after death – Units had gone down in value since date of death – Revenue refusing tax relief – Whether relief available for sale more than 12 months after death – Inheritance Tax Act 1984, Pt. IV, Ch. III.