Q
Quick Succession Relief (or Successive Charges Relief)
04/04/2009
Quick succession relief under s.141 IHTA 1984 applies where the death of the transferee occurs within five years of an earlier chargeable transfer made to him or by the termination during his lifetime of an interest in possession trust subject to s.49(1) IHTA 1984 – s.52(1) IHTA 1984. The relief is not available to actual transfers since it is designed to provide relief where there are two transfers in quick succession which are beyond the control of the taxpayer.
