IHTM09072 | Negotiating a settlement: examples of negotiating situations

These are some of the situations where a negotiated settlement may be appropriate

• valuing an asset which is not dealt with by a specialist valuer

• the allowable deduction in respect of a debt that is claimed to be due to the relative of the deceased (IHTM28321)

• what constitutes reasonable funeral expenses (IHTM10371)

• the valuation of any lifetime transfer resulting from a guarantee debt (IHTM28356)

• the amount allowable in respect of a guarantee debt where full reimbursement is not expected (IHTM28355)

• the deduction allowed for foreign administration expenses (IHTM27050) under IHTA84/S173 where the 5% limit does not apply

• what the deceased provided in respect of a joint account (IHTM15000)

• the extent to which withdrawals from a joint account (IHTM15000) give rise to lifetime transfers

• the availability of business relief on bank or building society accounts (IHTM25341)

• the discount for occupation of the deceased’s property (IHTM23002)

• the extent to which a transfer was intended to confer gratuitous benefit

• the extent to which a normal expenditure out of income (IHTM14231) claim is allowable

• the application of equitable estoppel

• the value of a future (IHTM28110) or contingent liability (IHTM28070) not dealt with by the Actuarial Team

• any case where the facts are uncertain and are impossible to establish.

This list is not exhaustive.