G
Gift with Reservation of Benefit (GROB)
20/03/2009
A GROB is a gift of property in or over which the donor retains some sort of benefit or enjoyment or subsequently acquires such benefit or enjoyment so preventing the donee from fully enjoying the property.
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Grossing Up
28/06/2011
The final transfer of value for Inheritance Tax (IHT) is on death when the whole of the deceased’s estate is regarded for IHT purposes as a single gift. Practical problems occur when all the gifts made under a Will or on intestacy are not of the same type for IHT i.e. where there is a mixture of exempt and non-exempt transfers and the wording of the Will means that ‘grossing up’ is necessary.
