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IHTM04000 | How Inheritance Tax is charged: contents

From HM Revenue & Customs · Inheritance Tax Manual

Contents194 entries

  1. IHTM04001How Inheritance Tax is charged: summary
  2. IHTM04010How Inheritance Tax is charged: history
  3. IHTM04021Structure of the charge: main charging provisions
  4. IHTM04022Structure of the charge: how a disposition becomes a chargeable transfer
  5. IHTM04023Structure of the charge: what is a disposition?
  6. IHTM04024Structure of the charge: what is a transfer of value?
  7. IHTM04025Structure of the charge: what is a deemed transfer of value?
  8. IHTM04026Structure of the charge: what is an exempt transfer?
  9. IHTM04027Structure of the charge: what is a chargeable transfer?
  10. IHTM04028Structure of the charge: what is the value transferred?
  11. IHTM04029Structure of the charge: what makes up a person's estate?
  12. IHTM04030Structure of the charge: what is property?
  13. IHTM04031Structure of the charge: what is meant by beneficially entitled?
  14. IHTM04032Structure of the charge: how the meaning of estate is extended
  15. IHTM04033Structure of the charge: how meaning of estate is restricted
  16. IHTM04034Structure of the charge: what is a general power?
  17. IHTM04035Structure of the charge: what is general power property?
  18. IHTM04036Structure of the charge: Dormant Asset Scheme
  19. IHTM04041Transfers on death: the charging provisions
  20. IHTM04042Transfers on death: deemed transfer on death
  21. IHTM04043Transfers on death: what makes up the estate on death
  22. IHTM04044Transfers on death: what is the value transferred on death?
  23. IHTM04045Transfers on death: valuing property together
  24. IHTM04046Transfers on death: changes in value by reason of the death
  25. IHTM04051Lifetime transfers: the charging provisions
  26. IHTM04052Lifetime transfers: what is a person?
  27. IHTM04053Lifetime transfers: what is an individual
  28. IHTM04054Lifetime transfers: the loss to the transferor’s estate
  29. IHTM04055Lifetime transfers: loss to estate greater than the value of property given
  30. IHTM04056Lifetime transfers: loss to estate less than value of property given
  31. IHTM04057Lifetime transfers: what is a potentially exempt transfer?
  32. IHTM04058Lifetime transfers: when is a gift made to another individual or to a specified trust?
  33. IHTM04059Lifetime transfers: when does property become comprised in the estate of an individual?
  34. IHTM04060Lifetime transfers: when is the estate of another individual increased?
  35. IHTM04061Lifetime transfers: transfers that cannot be potentially exempt transfers
  36. IHTM04062Lifetime transfers: woodlands subject to a deferred Estate Duty charge
  37. IHTM04063Lifetime transfers: deemed transfers that are potentially exempt transfers
  38. IHTM04064Lifetime transfers: deemed potentially exempt transfers
  39. IHTM04065Lifetime transfers: purchase of a policy linked with an annuity
  40. IHTM04066Lifetime transfers: what is the value transferred by a potentially exempt transfer?
  41. IHTM04067Lifetime transfers: what is an immediately chargeable transfer?
  42. IHTM04068Lifetime transfers: transfer of value by a close company
  43. IHTM04069Lifetime transfers: alteration in the share capital of a close company
  44. IHTM04070Lifetime transfers: what is the value transferred by an immediately chargeable transfer?
  45. IHTM04071Lifetime transfers: introduction to gifts with reservation of benefit
  46. IHTM04072Lifetime transfers: the charging provisions for gifts with reservation of benefit
  47. IHTM04073Lifetime transfers: what is the value transferred by a gift with reservation of benefit?
  48. IHTM04081Settled property: introduction
  49. IHTM04082Settled property: the charging provisions for an interest in possession trust on death
  50. IHTM04083Settled property: the charging provisions for an interest in possession trust during lifetime
  51. IHTM04084Settled property: the charge where an interest in possession comes to an end
  52. IHTM04085Settled property: the charge where an interest in possession is disposed of.
  53. IHTM04086Settled property: the charge where the value of settled property is reduced
  54. IHTM04087Settled property: changes to settled property where IHT is not charged on an interest in possession trust
  55. IHTM04088Settled property: the charge where an interest in possession comes to an end following a potentially exempt transfer
  56. IHTM04089Settled property: the charge when both a close company and interest in possession are involved
  57. IHTM04090Settled property: transfer by a close company apportioned to trustees
  58. IHTM04091Settled property: alteration in a close company’s capital apportioned to trustees
  59. IHTM04092Settled property: the charge where a close company is entitled to an interest in possession
  60. IHTM04093Settled property: what is the value transferred when an interest in possession ceases?
  61. IHTM04094Settled property: other valuation issues when an interest in possession ceases
  62. IHTM04095Settled property: the charging provisions for discretionary trusts
  63. IHTM04096Settled property: charges on property held in relevant property trusts
  64. IHTM04097Settled property: what is value of property held in discretionary trusts on which tax is charged?
  65. IHTM04098Settled property: charges on special trusts
  66. IHTM04099Settled property: charges on accumulation and maintenance trusts
  67. IHTM04100Settled property: charges on employee and newspaper trusts
  68. IHTM04101Settled property: charges on protective trusts
  69. IHTM04102Settled property: charges on trusts for disabled persons
  70. IHTM04103Settled property: charges on temporary charitable trusts
  71. IHTM04104Settled property: maintenance funds for historic buildings
  72. IHTM04111Heritage property: summary
  73. IHTM04112Heritage property: when a charge to tax arises
  74. IHTM04113Heritage property: chargeable events under IHTA84/S32
  75. IHTM04114Heritage property: exceptions to the charge under IHTA84/S32
  76. IHTM04115Heritage property: chargeable events under IHTA84/S32A
  77. IHTM04116Heritage property: exceptions to the charge under IHTA84/S32A
  78. IHTM04117Heritage property: special situations
  79. IHTM04118Heritage property: double charges
  80. IHTM04121Woodlands: Summary
  81. IHTM04122Woodlands: the deferred charge
  82. IHTM04141Provisions which exclude the Inheritance Tax Act
  83. IHTM04151Dispositions that are not transfers of value: introduction
  84. IHTM04200Dispositions by close companies for the benefit of employees
  85. IHTM04210Waiver or repayment of an amount of remuneration
  86. IHTM04220Waiver of dividends
  87. IHTM04230Grant of an agricultural tenancy
  88. IHTM04240Changes in the distribution of the deceased's estate
  89. IHTM04250Refund to trustees of Income Tax repayments received by settlor
  90. IHTM04161Dispositions not intended to confer bounty: outline of IHTA84/S10
  91. IHTM04162Dispositions not intended to confer bounty: application of the relief
  92. IHTM04163Dispositions not intended to confer bounty: IHTA84/S10 qualified or excluded
  93. IHTM04164Dispositions not intended to confer bounty: definitions
  94. IHTM04165Dispositions not intended to confer bounty: first condition - gift not intended
  95. IHTM04166Dispositions not intended to confer bounty: second condition - arm's length transaction
  96. IHTM04167Dispositions not intended to confer bounty: application to settled property
  97. IHTM04171Dispositions for the maintenance of the transferor’s family: outline of IHTA84/S11
  98. IHTM04172Dispositions for the maintenance of the transferor's family: definitions
  99. IHTM04173Dispositions for the maintenance of the transferor's family: maintenance of a spouse or civil partner
  100. IHTM04175Dispositions for the maintenance of the transferor's family: maintenance of the transferor's children
  101. IHTM04176Dispositions for maintenance of the transferor's family: maintenance of other people's children
  102. IHTM04177Dispositions for the maintenance of the transferor’s family: care or maintenance of a dependent relative
  103. IHTM04178Dispositions for the maintenance of the transferor’s family: meaning of a dependent relative
  104. IHTM04179Dispositions for maintenance of the transferor's family: meaning of incapacity
  105. IHTM04180Dispositions for maintenance of the transferor's family: dispositions satisfying IHTA84/S11 in part
  106. IHTM04181Dispositions for the maintenance of the transferor's family: application to settled property
  107. IHTM04191Dispositions allowable for income tax or conferring retirement benefits: outline of IHTA84/S12
  108. IHTM04192Dispositions allowable for income tax or conferring retirement benefits: deductions allowable for income tax
  109. IHTM04193Dispositions allowable for income tax or conferring retirement benefits: provision by employers for employee's retirements
  110. IHTM04251Excluded property: introduction
  111. IHTM04260Foreign `unsettled` property
  112. IHTM04261Savings of individuals domiciled in Channel Islands or Isle of Man - transfers before 6 April 2025
  113. IHTM04262Holdings in Open Ended Investment Companies (OEICs) and Authorised Unit Trusts (AUTs)
  114. IHTM04263Decorations, medals and awards
  115. IHTM04271Foreign settled property: introduction
  116. IHTM04272Foreign settled property: when the settlement was made
  117. IHTM04273Foreign settled property
  118. IHTM04274Foreign settled property: identifying settled property
  119. IHTM04281Reversionary interests: introduction
  120. IHTM04282Reversionary interests: purchased reversions
  121. IHTM04283Reversionary interests: reversion under own or spouse's/civil partners's settlement
  122. IHTM04284Reversionary interests: lease for life
  123. IHTM04285Reversionary interests: interest subject to an annuity
  124. IHTM04286Reversionary interests: reversions and foreign issues
  125. IHTM04291Government securities in foreign ownership: introduction
  126. IHTM04293Government securities in foreign ownership: exclusion from charge to IHT
  127. IHTM04294Government securities in foreign ownership: type of security and ownership
  128. IHTM04295Government securities in foreign ownership: ordinary residence
  129. IHTM04296Government securities in foreign ownership: domicile
  130. IHTM04297Government securities in foreign ownership: close company with an interest in possession
  131. IHTM04298Government securities in foreign ownership: relevant property trusts and FOTRA gilts
  132. IHTM04299Government securities in foreign ownership: conversion to FOTRA gilts and the relevant property trust charge
  133. IHTM04300Government securities in foreign ownership: anti- avoidance provisions
  134. IHTM04301Government securities in foreign ownership: exclusion of interest on FOTRA gilts
  135. IHTM04302Government securities in foreign ownership: exclusion of repayment of Income Tax on FOTRA gilts
  136. IHTM04303Government securities in foreign ownership: reversionary interest in FOTRA gilts
  137. IHTM04304Government securities in foreign ownership: FOTRA gilts in unadministered estates
  138. IHTM04305Government securities in foreign ownership: FOTRA gilts as partnership assets
  139. IHTM04306Government securities in foreign ownership: list of FOTRA securities in issue at 5 April 1998
  140. IHTM04321Property of visiting forces: introduction
  141. IHTM04322Property of visiting forces: qualifying persons
  142. IHTM04323Property of visiting forces: protection of residence and domicile
  143. IHTM04324Property of visiting forces: designated countries
  144. IHTM04331Value left out of account: introduction
  145. IHTM04360Settled property to which the settlor's spouse, civil partner, widow(er) or surviving civil partner is entitled
  146. IHTM04380Value left out of account: foreign currency bank accounts
  147. IHTM04390Value left out of account: overseas pensions
  148. IHTM04410Value left out of account: interest in possession as remuneration for services as trustee
  149. IHTM04341Estate Duty surviving spouse exemption: summary
  150. IHTM04343Estate Duty surviving spouse exemption: application on death
  151. IHTM04344Estate Duty surviving spouse exemption: application to lifetime events
  152. IHTM04345Estate Duty surviving spouse exemption: procedures where relief is due
  153. IHTM04346Estate Duty surviving spouse exemption: procedures where relief is not due
  154. IHTM04351Reverter to settlor: introduction
  155. IHTM04352Reverter to settlor: limitations on the relief
  156. IHTM04353Reverter to settlor: statutory restrictions on relief
  157. IHTM04371Woodlands: introduction
  158. IHTM04373Woodlands: the conditions for relief
  159. IHTM04374Woodlands: the death estate
  160. IHTM04375Woodlands: the election
  161. IHTM04376Woodlands: beneficial entitlement under special types of interest
  162. IHTM04377Woodlands: European Economic Area (EEA) - deaths on or after 22 April 2009
  163. IHTM04421Compensation for wrongs suffered during World War II: ex-gratia payment to Britons held as prisoners of war by the Japanese
  164. IHTM04422Compensation for wrongs suffered during World War II: payments to slave or forced labourers or other victims of the German Nationalist Socialist (Nazi) regime
  165. IHTM04423Compensation for wrongs suffered during World War II: how to apply the relief
  166. IHTM04441Legal background: the concept of beneficial ownership (England, Wales & Northern Ireland)
  167. IHTM04442Legal background: connected persons
  168. IHTM04470Legal background - the meaning of property
  169. IHTM04451Estate Duty surviving spouse exemption: introduction
  170. IHTM04452Estate Duty surviving spouse exemption: duty treated as paid in full on the first death
  171. IHTM04453Estate Duty surviving spouse exemption: restriction on exemption because of non-payment of duty
  172. IHTM04454Estate Duty surviving spouse exemption: part of fund not dutiable on the first death
  173. IHTM04455Estate Duty surviving spouse exemption: treatment of income
  174. IHTM04456Estate Duty surviving spouse exemption: payment of duty ‘in respect of’ any ‘settled property’ since the date of ‘the settlement’
  175. IHTM04457Estate Duty surviving spouse exemption: meaning of competent to dispose
  176. IHTM04458Estate Duty surviving spouse exemption: powers where the person is competent to dispose
  177. IHTM04459Estate Duty surviving spouse exemption: powers where the person is not competent to dispose
  178. IHTM04460Estate Duty surviving spouse exemption: powers exercisable by will or by deed
  179. IHTM04461Estate Duty surviving spouse exemption: power to appropriate capital
  180. IHTM04462Estate Duty surviving spouse exemption: benefits under intestacy (England & Wales)
  181. IHTM04463Estate Duty surviving spouse exemption: benefits under intestacy and legal rights (Scotland)
  182. IHTM04464Estate Duty surviving spouse exemption: examples for competency to dispose
  183. IHTM04465Estate Duty surviving spouse exemption: meaning of parties to a marriage
  184. IHTM04311Schedule A1/IHTA 84: UK residential property and UK agricultural property
  185. IHTM04312Schedule A1/IHTA84: close companies and partnership examples
  186. IHTM04313Para 3 & 4/Schedule A1/IHTA84 relevant loan examples
  187. IHTM04314Finance (No 2) Act 2017: disposals of company interests, partnership interests, relevant loans and repayments of relevant loans
  188. IHTM04315Para 7/Sch A1/IHTA84: double taxation arrangements
  189. IHTM04316Para 6/Schedule A1/IHTA84: targeted anti-avoidance rule and s237(2A)/IHTA: Inland Revenue charge
  190. IHTM04317Para 20/Schedule 12/Finance Bill 2026: commencement provisions
  191. IHTM04142Scheme Payments
  192. IHTM04174Dispositions for the maintenance of the transferor's family: maintenance of children
  193. IHTM04342Estate Duty surviving spouse exemption: entitlement to relief
  194. IHTM04378Woodlands: European Economic Area (EEA) - retrospective application for deaths before 22 April 2009