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HMRC internal manual

Inheritance Tax Manual

From
HM Revenue & Customs
Updated
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The settlement: non-income producing assets

Interest in possession?

Assets which do not produce income may have an interest in possession attached to them which defeats any otherwise discretionary provisions of a trust in which they are held. See IHTM16066

Rights of residence – joint ownership

There are also potential interest in possession issues to bear in mind for joint residential property. See IHTM16139.