Will clause construed as including transferable nil rate band (Court of Appeal) | Practical Law

Will clause construed as including transferable nil rate band (Court of Appeal) | Practical Law

The Court of Appeal has upheld a High Court ruling that a will clause giving a sum equal to the testator's unused nil rate band for inheritance tax at the date of her death was to be construed  as including her husband's unused transferable nil rate band (The Woodland Trust v Loring and others [2014] EWCA Civ 1314).

Will clause construed as including transferable nil rate band (Court of Appeal)

Practical Law UK Legal Update Case Report 0-585-1467 (Approx. 3 pages)

Will clause construed as including transferable nil rate band (Court of Appeal)

by Practical Law Private Client
Published on 21 Oct 2014 • England, Wales
The Court of Appeal has upheld a High Court ruling that a will clause giving a sum equal to the testator's unused nil rate band for inheritance tax at the date of her death was to be construed as including her husband's unused transferable nil rate band (The Woodland Trust v Loring and others [2014] EWCA Civ 1314).