Dr Nuala Brice

Decision released 5 August 2008

Inheritance tax – building society accounts belonging to the deceased which she put into the joint names of herself and another – whether deceased held the accounts as trustee for the joint holder – no – whether deceased had a general power which enabled her to dispose of the whole of the accounts so that she was to be treated as beneficially entitled to the whole of the accounts – yes – alternatively, whether deceased made a gift of the accounts to the joint holder subject to a reservation – yes – appeal dismissed – Inheritance Tax Act 1984 s. 5(2); Finance Act 1986 s. 102(1), (2) and (3)

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