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Contents

Official guidance
Inheritance Tax Manual

IHTM11000 · Exemptions

  • IHTM11001 · Introduction
  • IHTM11011 · Groups of exempt transfers: introduction
  • IHTM11012 · Groups of exempt transfers: lifetime and death transfers
  • IHTM11013 · Groups of exempt transfers: quantifying the exemption
  • IHTM11014 · Groups of exempt transfers: transfers of Heritage property
  • IHTM11015 · Groups of exempt transfers: transfers on death only
  • IHTM11021 · General procedure: handling a deduction for exemption
  • IHTM11022 · General procedure: basic requirements for exemption
  • IHTM11023 · General procedure: situations where the exemption can be accepted without investigation
  • IHTM11024 · General procedure: calculations
  • IHTM11025 · General procedure: claims against the deceased’s estate (England and Wales)
  • IHTM11026 · General procedure: restriction of exemption where the beneficiary settles a claim against the deceased’s estate from their own resources (England and Wales)
  • IHTM11031 · Spouse or civil partner exemption: introduction
  • IHTM11032 · Spouse or civil partner exemption: definition of spouse and civil partner
  • IHTM11033 · Spouse or civil partner exemption: spouse or civil partner domiciled outside UK
  • IHTM11041 · General procedure for death transfers: initial steps
  • IHTM11042 · General procedure for death transfers: special points to look out for
  • IHTM11049 · General procedure for death transfers: changes to the devolution of property after the death
  • IHTM11061 · Settled property: exemption where the transferor creates an interest in possession for their spouse or civil partner
  • IHTM11062 · Settled property: what happens when an interest in possession devolves to the spouse or civil partner
  • IHTM11063 · Settled property: exclusion from exemption in connection with a reversionary interest
  • IHTM11064 · Settled property: What to do where the surviving spouse or civil partner opts for a capital sum instead of a life interest under the intestacy rules
  • IHTM11071 · Annuity to spouse or civil partner: introduction
  • IHTM11072 · Annuity to spouse or civil partner: annuity payable out of the income of the estate
  • IHTM11073 · Annuity to spouse or civil partner: property charged with or appropriated for payment
  • IHTM11074 · Annuity to spouse or civil partner: annuity to be purchased
  • IHTM11075 · Annuity to spouse or civil partner: annuity secured by personal covenant
  • IHTM11076 · Annuity to spouse or civil partner: annuity payable by the surviving partners of a business
  • IHTM11077 · Annuity to spouse or civil partner: annuities of variable amounts
  • IHTM11091 · Exceptions where the exemption does not apply: introduction
  • IHTM11092 · Exceptions where the exemption does not apply: postponed gifts
  • IHTM11093 · Exceptions where the exemption does not apply: conditional gifts
  • IHTM11094 · Exceptions where the exemption does not apply: payments under I(PFD)A Orders
  • IHTM11095 · Exceptions where the exemption does not apply: acquisition of a reversion
  • IHTM11101 · Gifts to charities or registered clubs: introduction
  • IHTM11111 · General outline: requirements for exemption
  • IHTM11112 · General outline: meaning of ‘charity’ and ‘charitable’
  • IHTM11113 · General outline: ‘charitable status’ and date for determining status
  • IHTM11114 · General outline: quantifying the exemption
  • IHTM11115 · General outline: established for charitable purposes
  • IHTM11116 · General outline: the jurisdiction condition
  • IHTM11117 · General outline: the registration condition
  • IHTM11118 · General outline: the management condition
  • IHTM11124 · Procedure: straightforward gifts and acceptable bequests
  • IHTM11125 · Procedure: referrals to Technical
  • IHTM11126 · Procedure: identifying the beneficiary
  • IHTM11127 · Procedure: examples of gifts where the beneficiary is not a charity
  • IHTM11128 · Procedure: beneficiaries outside the UK
  • IHTM11129 · Procedure: selection trusts
  • IHTM11130 · Procedure: newly created charities
  • IHTM11132 · Procedure: the Charities Aid Foundation
  • IHTM11133 · Procedure: special situations
  • IHTM11134 · Procedure: types of gift where it is doubtful exemption will apply
  • IHTM11135 · Procedure: categories of gift accepted as exempt in limited circumstances
  • IHTM11139 · Procedure: household and personal goods donated to charity (Form IHT408)
  • IHTM11140 · Community Amateur Sports Clubs: Meaning of Community Amateur Sports Club (CASC) and 'registered club'
  • IHTM11141 · Community Amateur Sports Clubs: the location condition
  • IHTM11142 · Community Amateur Sports Clubs: the management condition
  • IHTM11161 · Settled property: background
  • IHTM11162 · Settled property: acquisition of a reversionary interest from a charity (anti-avoidance)
  • IHTM11163 · Settled property: purchase of a reversionary interest by a charity between April 1976 and April 1978 (anti-avoidance)
  • IHTM11164 · Settled property: purchase of a reversionary interest by a charity after 12 April 1978 (anti-avoidance)
  • IHTM11171 · Exclusions from exemption: introduction
  • IHTM11172 · Exclusions from exemption: gifts not limited to charitable and other exempt purposes
  • IHTM11173 · Exclusions from exemption: defeasible gifts
  • IHTM11174 · Exclusions from exemption: postponed gifts
  • IHTM11175 · Exclusions from exemption: conditional gifts
  • IHTM11176 · Exclusions from exemption: gift less than donor’s whole interest or for a limited period
  • IHTM11177 · Exclusions from exemption: interest reserved or created - land or buildings
  • IHTM11178 · Exclusions from exemption: interest reserved or created - property other than land
  • IHTM11191 · Gifts to political parties: introduction
  • IHTM11192 · Gifts to political parties: quantifying the exemption
  • IHTM11193 · Gifts to political parties: requirements for exemption
  • IHTM11194 · Gifts to political parties: gifts to the Conservative party
  • IHTM11195 · Gifts to political parties: gifts to the Liberal Democrats
  • IHTM11196 · Gifts to political parties: requirements for a qualifying political party
  • IHTM11197 · Gifts to political parties: qualifying political parties
  • IHTM11211 · Gifts to registered housing associations: summary
  • IHTM11212 · Gifts to registered housing associations: registered social landlords (RSLs)
  • IHTM11221 · Gifts for National Purposes: introduction
  • IHTM11222 · Gifts for National Purposes: procedure
  • IHTM11223 · Gifts for National Purposes: qualifications specific to the exemption
  • IHTM11224 · Gifts for National Purposes: qualifying Bodies
  • IHTM11225 · Gifts for National Purposes: local authority
  • IHTM11226 · Gifts for National Purposes: government department
  • IHTM11227 · Gifts for National Purposes: a health service body
  • IHTM11240 · Gifts for public benefit
  • IHTM11250 · Maintenance funds
  • IHTM11260 · Conditional exemption
  • IHTM11270 · Diplomatic and consular immunity
  • IHTM11281 · Death of armed forces or emergency service personnel: summary
  • IHTM11282 · Death of armed forces or emergency service personnel: effect of the exemptions
  • IHTM11291 · Emergency service personnel responding to emergency circumstances: introduction
  • IHTM11292 · Emergency service personnel responding to emergency circumstances: meaning of emergency responder
  • IHTM11293 · Emergency service personnel responding to emergency circumstances: meaning of emergency circumstances
  • IHTM11294 · Emergency service personnel responding to emergency circumstances: meaning of responding to emergency circumstances
  • IHTM11295 · Emergency service personnel responding to emergency circumstances: evidence to show exemption is due
  • IHTM11301 · Armed forces on active service: introduction
  • IHTM11302 · Armed forces on active service: meaning of armed forces
  • IHTM11303 · Armed forces on active service: meaning of active service
  • IHTM11304 · Armed forces on active service: evidence to show exemption is due
  • IHTM11305 · Armed forces on active service: extension to the Police Service of Northern Ireland
  • IHTM11306 · Armed forces on active service: Estate Duty exemption and transferrable nil-rate band
  • IHTM11307 · Armed forces on active service: Estate Duty exemption and settled property
  • IHTM11311 · Constables and service personnel targeted because of their job: summary
  • IHTM11312 · Constables and service personnel targeted because of their job: meaning of constables and service personnel
  • IHTM11313 · Constables and service personnel targeted because of their job: evidence to show exemption is due
  • IHTM11314 · Categories of service entitled to exemption: civilian deaths
  • IHTM11321 · Estate Duty KIW exemptions for settled property: surviving spouse exemption
  • IHTM11322 · Estate Duty KIW exemptions for settled property: extra statutory concession F13
  1. Exemptions: contents
  2. General procedure: calculations

IHTM11024 | General procedure: calculations

From HM Revenue & Customs · Inheritance Tax Manual

When you issue any calculation of tax to taxpayers or agents you should include a clear explanation of how the values for exemption and the chargeable estate have been arrived at. If necessary you should include this information in a letter or supplementary schedule to the calculation.

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