IHTA84/S47 – a reversionary (IHTM04281) interest means any future interest under a settlement. Such an interest is usually excluded from Inheritance Tax subject to certain exceptions (IHTM04286)

A reversionary interest is an item of property, separate from the property in which the interest subsists.

Unless the interest is excluded by the main provision in IHTA84/S48 (1), a reversionary interest that is itself situated outside the UK should be treated as follows:

IHTA84/S6 (1), – an unsettled reversion will be excluded property if the transferor is domiciled abroad

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