- disabled person's interest
England, WalesA trust for the benefit of a disabled person which has special inheritance tax treatment (sections 89, 89A and 89B Inheritance Tax Act 1984 (IHTA 1984)).It may be:• A discretionary trust created after 9 March 1981 for a disabled person (sections 89 and 89B(1)(a), IHTA 1984).• A discretionary trust created on or after 22 March 2006 by a person expecting to become a disabled person for himself (a "self-settlement") (sections 89A and 89B(1)(b), IHTA 1984).• A trust created at any time in which a disabled person became entitled to an interest in possession (IIP) on or after 22 March 2006 (section 89B(1)(c), IHTA 1984).• An IIP trust created on or after 22 March 2006 by a person expecting to become a disabled person for himself (section 89B(1)(d), IHTA 1984).See also vulnerable person.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
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