IHTM30054 - Definition and extent of liability (PETs): objects of a relevant property trust
Where property is settled by the transfer, IHTA84/S199 (1)(d) imposes liability on any person for whose benefit the settled property, (IHTM16000) or income from it, is applied (IHTM30037). »Ê¹ÚÌåÓýapp liability extends to the amount of the property or income. »Ê¹ÚÌåÓýapp amount is net of any income tax paid.