The correct interpretation of the deceasedâs will meant that the sum due under the relevant clause was the amount left, if any, after deducting all other legacies on which inheritance tax was charged at the nil rate. As those other legacies exceeded the nil-rate limit, there was no sum payable to the first defendant under that clause.
Summary
The correct interpretation of the deceasedâs will meant that the sum due under the relevant clause was the amount left, if any, after deducting all
