The definition of an immediate post-death interest (IPDI) is found in IHTA 1984, s. 49A, effective from 22 March 2006. An interest in possession trust to which a person is beneficially entitled is an IPDI if the following conditions are satisfied:

the first condition is that the settlement was effected by will or intestacy;

the second condition is that the person became beneficially entitled to the interest in possession on the death of the testator or intestate;

the third condition is that the trust must not currently be for bereaved minors (under s. 71A) and the interest is not a disabled person's interest; and

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.