19 February 2010 – High Court gives judgment in RSPCA v Sharp

The High Court has held that the correct construction of a will was that an amount of money up to the level of the nil-rate band and a property were to pass to named beneficiaries without any Inheritance Tax being paid on those gifts. The tax was to be borne by the residuary estate, which had been given to the applicant charity. Penelope Reed QC appeared in this case.