Where property comprised in a person’s estate immediately before his death is settled by his will and a chargeable event occurs within the period of three months to two years after his death, IHT will not be charged if no interest in possession has subsisted in the property. This is a relieving provision which disapplies the exit charge which would otherwise apply: for deaths occurring before 10 December 2014, it could not apply during the first three months after the death as there would be no exit charge in any case during this time.

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