Tax Inheritance Flashcards Notes
This is a sample of our (approximately) 8 page long Tax Inheritance Flashcards notes, which we sell as part of the Tax Law Notes collection, a 1st package written at Oxford in 2017 that contains (approximately) 467 pages of notes across 24 different documents.
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Tax Inheritance Flashcards Revision
The following is a plain text extract of the PDF sample above, taken from our Tax Law Notes. This text version has had its formatting removed so pay attention to its contents alone rather than its presentation. The version you download will have its original formatting intact and so will be much prettier to look at.
What is it?
What is a CT?
What is a TOV?
TOV Three limbs TOV 1 What is it?
TOV 1 What about omissions TOV 1 What about bad bargains?
TOV 1 BB Two requirements TOV 1 BB What is the first limb?
TOV 1 BB Subjective non-donative intent TOV 1 BB What is the second limb?
TOV 1 BB 2 What are the possibilities? 1 TOV 1 BB 2 What are the possibilities? 2
TOV 1 BB 2 What are the possibilities? 2 Case TOV 2 What is the second requirement?
TOV 2 What is the measurement?
TOV 3 What is the third requirement?
TOV 3 What does it include?
L Rates L ICTS L ICTS What must be done to them?
L ICTS Grossing Up
L ICTS Rationale L PETs Effect Immediately
L PETs Effect Lives 7 years L PETs Effect Dies within 7 years L PETs What is it?
L PETs Limb 1
L PETs Limb 2 L PETs what is it?
L PETs GWR What are the requirements?
L PETs GWR Limb 1 L PETs GWR Limb 1 Case
L PETs GWR Limb 2
L PETs GWR Limb 2 case 1 L PETs GWR Limb 2 What are benefits?
L PETs GWR Limb 2 Benefits that are excluded 1 L PETs GWR Limb 2 Benefits that are excluded 2
L PETs GWR The distinction L PETs GWR The distinction - Phrase L PETs GWR If there is still a reservation at the time of death L PETs GWR If there is still a reservation at the time of death Case L PETs GWR If there ceases to be a reservation within 7 years before D's death
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