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Home / Simons-Taxes /IHT, trusts and estates /Part I7 Special reliefs /Division I7.1 Business property relief (BPR) /Business property relief on lifetime transfers within seven years of death (BPR 'clawback') / I7.193 BPR clawback—meaning of transferee
Commentary

I7.193 BPR clawback—meaning of transferee

IHT, trusts and estates

'Transferee' is defined as the person whose property the original property became on the chargeable transfer. Where the transfer is to trustees then if the trust had no qualifying interest in possession the trustees of the settlement are treated as the transferees. The corollary of this is that where the transfer was to a trust

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