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IHTM14000 | Lifetime transfers: contents

From HM Revenue & Customs · Inheritance Tax Manual

Contents201 entries

  1. IHTM14001Lifetime transfers: introduction to lifetime transfers
  2. IHTM14011Lifetime transfers: basis of valuation: summary
  3. IHTM14012Lifetime transfers: basis of valuation: burden of tax
  4. IHTM14013Lifetime transfers: basis of valuation: treatment of expenses
  5. IHTM14131Lifetime transfers: specific lifetime exemptions: summary
  6. IHTM14132Lifetime transfers: specific lifetime exemptions: order in which exemptions apply
  7. IHTM14141Lifetime transfers: annual exemption: summary
  8. IHTM14142Lifetime transfers: annual exemption: relievable property
  9. IHTM14143Lifetime transfers: annual exemption: multiple transfers
  10. IHTM14144Lifetime transfers: annual exemption: roll over provisions
  11. IHTM14151Lifetime transfers: schemes to exploit annual exemption: introduction
  12. IHTM14152Lifetime transfers: schemes to exploit annual exemption: transfer by sale
  13. IHTM14161Lifetime transfers: schemes to exploit annual exemption: transfer of part of a property
  14. IHTM14162Lifetime transfers: schemes to exploit annual exemption: transfer of a sum of money
  15. IHTM14163Lifetime transfers: schemes to exploit annual exemption: transfer of share equal to a sum of money
  16. IHTM14164Lifetime transfers: schemes to exploit annual exemption: transfer of share quantified by loss in value
  17. IHTM14165Lifetime transfers: schemes to exploit annual exemption: split proceeds from property on trust for sale
  18. IHTM14180Lifetime transfers: small gifts exemption: summary
  19. IHTM14191Lifetime transfers: gifts in consideration of marriage or registration of civil partnership: summary
  20. IHTM14193Lifetime transfers: gifts made in consideration of marriage or registration of civil partnership: permissible beneficiaries for s.22 purposes
  21. IHTM14201Lifetime transfers: gifts in consideration of marriage or registration of civil partnership: Rennell v IRC:
  22. IHTM14202Lifetime transfers: gifts in consideration of marriage or registration of civil partnership: Rennell v IRC - gifts by way of settlement
  23. IHTM14211Lifetime transfers: gifts in consideration of marriage or registration of civil partnership: IHTA restriction of Rennell - outright gifts and other dispositions
  24. IHTM14212Lifetime transfers: gifts in consideration of marriage or registration of civil partnership: IHTA restriction of Rennell - the eventual recipient
  25. IHTM14213Lifetime transfers: gifts in consideration of marriage or registration of civil partnership: IHTA restriction of Rennell - S22(4)(b) provisions
  26. IHTM14214Lifetime transfers: gifts in consideration of marriage or registration of civil partnership: IHTA restriction of Rennell - payments under covenant
  27. IHTM14220Lifetime transfers: gifts in consideration of marriage or civil partnership: relationship with spouse or civil partner exemption
  28. IHTM14221Lifetime transfers: gifts in consideration of marriage or civil partnership: termination of IIP in settled property
  29. IHTM14231Lifetime transfers: normal expenditure out of income: introduction
  30. IHTM14235Lifetime transfers: normal expenditure out of income: life policy linked with an annuity
  31. IHTM14236Lifetime transfers: normal expenditure out of income: loans
  32. IHTM14241Lifetime transfers: conditions for normal out of income exemption: normal expenditure
  33. IHTM14242Lifetime transfers: conditions for normal out of income exemption: pattern of gifts
  34. IHTM14243Lifetime transfers: conditions for normal out of income exemption: factors to consider
  35. IHTM14244Lifetime transfers: conditions for normal out of income exemption: Case Law - Bennett v IRC
  36. IHTM14250Lifetime transfers: conditions for normal out of income exemption: out of income
  37. IHTM14251Lifetime transfers: conditions for normal out of income exemption: Case Law - MacDowell
  38. IHTM14255Lifetime transfers: conditions for normal out of income exemption: transferor's standard of living
  39. IHTM14301Lifetime transfers: gifts with reservation (GWRs): requirements for a GWR
  40. IHTM14303Lifetime transfers: gifts with reservation (GWRs): devolution of GWR property
  41. IHTM14311Lifetime transfers: gifts with reservation (GWRs): the gift: initial requirements
  42. IHTM14312Lifetime transfers: gifts with reservation (GWRs): the gift: the donor
  43. IHTM14313Lifetime transfers: gifts with reservation (GWRs): the gift: the property given
  44. IHTM14314Lifetime transfers: gifts with reservation (GWRs): the gift: examples of the property given - carve-out arrangements
  45. IHTM14315Lifetime transfers: gifts with reservation (GWRs): the gift: defining the gift
  46. IHTM14316Lifetime transfers: gifts with reservation (GWRs): the gift: sales for less than full consideration
  47. IHTM14317Lifetime transfers: gifts with reservation (GWRs): the gift: interest free loans
  48. IHTM14318Lifetime transfers: gifts with reservation (GWRs): the gift: exempt transfers which cannot be GWRs
  49. IHTM14319Lifetime transfers: gifts with reservation (GWRs): the gift: exempt transfers which can be GWRs
  50. IHTM14331Lifetime transfers: gifts with reservation (GWRs): the reservation: initial requirements
  51. IHTM14332Lifetime transfers: gifts with reservation (GWRs): the reservation: possession and enjoyment by the donee
  52. IHTM14333Lifetime transfers: gifts with reservation (GWRs): the reservation: exclusion of the donor
  53. IHTM14334Lifetime transfers: gifts with reservation (GWRs): the reservation: examples of exclusion of the donor
  54. IHTM14335Lifetime transfers: gifts with reservation (GWRs): the reservation: non-exclusion need not be continuous
  55. IHTM14336Lifetime transfers: gifts with reservation (GWRs): the reservation: effect of consideration
  56. IHTM14337Lifetime transfers: gifts with reservation (GWRs): the reservation: continuation of reasonable commercial arrangements
  57. IHTM14338Lifetime transfers: gifts with reservation (GWRs): the reservation: benefit by associated operations
  58. IHTM14339Lifetime transfers: gifts with reservation (GWRs): the reservation: benefit to donor's spouse or civil partner
  59. IHTM14340Lifetime transfers: gifts with reservation (GWRs): the reservation: when occupation is not a reservation
  60. IHTM14341Lifetime transfers: gifts with reservation (GWRs): the reservation: full consideration in cases of land and chattels
  61. IHTM14342Lifetime transfers: gifts with reservation (GWRs): the reservation: infirm relative
  62. IHTM14343Lifetime transfers: gifts with reservation (GWRs): the reservation: annual exemption not available
  63. IHTM14360Lifetime transfers: gifts with reservation (GWRs): the reservation: interests in land
  64. IHTM14371Lifetime transfers: gifts with reservation: tracing: introduction
  65. IHTM14372Lifetime transfers: gifts with reservation (GWRs): tracing: absolute gifts of cash
  66. IHTM14373Lifetime transfers: gifts with reservation (GWRs): tracing: absolute gifts of property other than cash
  67. IHTM14374Lifetime transfers: gifts with reservation (GWRs): tracing: supplementary provisions
  68. IHTM14391Lifetime transfers: gifts with reservation (GWRs): settled property: introduction
  69. IHTM14392Lifetime transfers: gifts with reservation (GWRs): settled property: reversionary interests
  70. IHTM14393Lifetime transfers: gifts with reservation (GWRs): settled property: settlement on discretionary trusts
  71. IHTM14394Lifetime transfers: gifts with reservation (GWRs): settled property: donor also a trustee
  72. IHTM14395Lifetime transfers: gifts with reservation (GWRs): settled property: reasonable commercial arrangements
  73. IHTM14396Lifetime transfers: gifts with reservation (GWRs): settled property: charge to inheritance tax on settled property 
  74. IHTM14401Lifetime transfers: gifts with reservation (GWRs): tracing settled property: the property comprised in the gift
  75. IHTM14402Lifetime transfers: gifts with reservation (GWRs): tracing settled property: if the property ceases to be settled
  76. IHTM14403Lifetime transfers: gifts with reservation (GWRs): tracing settled property: settlement by the donee
  77. IHTM14421Lifetime transfers: gifts with reservation (GWRs): insurance policies: introduction
  78. IHTM14431Lifetime transfers: gifts with reservation (GWRs): insurance policies: general gifts after 18 March 1986
  79. IHTM14432Lifetime transfers: gifts with reservation (GWRs): insurance policies: normal out of income exemption on regular premiums
  80. IHTM14433Lifetime transfers: gifts with reservation (GWRs): insurance policies: policies made before 18 March 1986
  81. IHTM14434Lifetime transfers: gifts with reservation (GWRs): insurance policies: automatic increases in policy value
  82. IHTM14435Lifetime transfers: gifts with reservation (GWRs): insurance policies: change in life assured
  83. IHTM14440Lifetime transfers: gifts with reservation (GWRs): insurance policies: the property given
  84. IHTM14451Lifetime transfers: gifts with reservation (GWRs): the reservation on insurance policies: introduction
  85. IHTM14452Lifetime transfers: gifts with reservation (GWRs): the reservation on insurance policies: special rule for policies with linked benefits
  86. IHTM14453Lifetime transfers: gifts with reservation (GWRs): the reservation on insurance policies: reservation examples
  87. IHTM14502Lifetime transfers: the charge to tax: cumulation
  88. IHTM14503Lifetime transfers: the charge to tax: cumulation with the death estate
  89. IHTM14511Lifetime transfers: the charge to tax: potentially exempt transfers (PETs): tax treatment of a PET
  90. IHTM14512Lifetime transfers: the charge to tax: potentially exempt transfers (PETs): tax treatment of a PET followed by death
  91. IHTM14513Lifetime transfers: the charge to tax: potentially exempt transfers (PETs): cumulation
  92. IHTM14514Lifetime transfers: the charge to tax: potentially exempt transfers (PETs): cumulating transfers more than seven years before death
  93. IHTM14515Lifetime transfers: the charge to tax: potentially exempt transfers (PETs): IHT nil rate band
  94. IHTM14516Lifetime transfers: the charge to tax: potentially exempt transfers (PETs): rate of tax
  95. IHTM14517Lifetime transfers: the charge to tax: potentially exempt transfers (PETs): taper relief
  96. IHTM14518Lifetime transfers: the charge to tax: potentially exempt transfers (PETs): fall in value relief
  97. IHTM14519Lifetime transfers: the charge to tax: potentially exempt transfers (PETs): special rate
  98. IHTM14531Lifetime transfers: the charge to tax: immediately chargeable transfers: introduction
  99. IHTM14532Lifetime transfers: the charge to tax: immediately chargeable transfers: value for tax
  100. IHTM14533Lifetime transfers: the charge to tax: immediately chargeable transfers: cumulation
  101. IHTM14534Lifetime transfers: the charge to tax: immediately chargeable transfers: rate of tax
  102. IHTM14541Lifetime transfers: the charge to tax: grossing: when to gross-up
  103. IHTM14542Lifetime transfers: the charge to tax: grossing: when not to gross-up
  104. IHTM14543Lifetime transfers: the charge to tax: grossing: partial grossing
  105. IHTM14544Lifetime transfers: the charge to tax: grossing: the grossing calculation
  106. IHTM14545Lifetime transfers: the charge to tax: grossing: tax paid after the death of the transferor
  107. IHTM14546Lifetime transfers: the charge to tax: grossing: settled property
  108. IHTM14547Lifetime transfers: the charge to tax: grossing: authority for grossing
  109. IHTM14550Lifetime transfers: the charge to tax: other charges: late reported transfers
  110. IHTM14551Lifetime transfers: the charge to tax: other charges: death subsequent to the transfer
  111. IHTM14571Lifetime transfers: the charge to tax: additional charges: introduction
  112. IHTM14572Lifetime transfers: the charge to tax: additional charges: value for tax
  113. IHTM14573Lifetime transfers: the charge to tax: additional charges: cumulation
  114. IHTM14574Lifetime transfers: the charge to tax: additional charges: rate of tax
  115. IHTM14575Lifetime transfers: the charge to tax: additional charges: taper relief
  116. IHTM14576Lifetime transfers: the charge to tax: additional charges: the additional tax payable
  117. IHTM14577Lifetime transfers: the charge to tax: additional charges: the additional tax payable (example 1)
  118. IHTM14578Lifetime transfers: the charge to tax: additional charges: the additional tax payable (example 2)
  119. IHTM14579Lifetime transfers: the charge to tax: reliefs: business relief and agricultural relief
  120. IHTM14580Lifetime transfers: the charge to tax: reliefs: fall in value relief
  121. IHTM14590Lifetime transfers: the charge to tax: the charge on lifetime transfers: gifts with reservation (GWRs)
  122. IHTM14591Lifetime transfers: the charge to tax: the charge on lifetime transfers: simultaneous and same day transfers
  123. IHTM14592Lifetime transfers: the charge to tax: the charge on lifetime transfers: liability for payment of tax
  124. IHTM14593Lifetime transfers: the charge to tax: the charge on lifetime transfers: grossing-up the values
  125. IHTM14595Lifetime transfers: the charge to tax: the charge on lifetime transfers: late reported transfers
  126. IHTM14611Lifetime transfers: specific lifetime reliefs: taper relief: when the relief applies
  127. IHTM14612Lifetime transfers: specific lifetime reliefs: taper relief: quantifying the relief
  128. IHTM14613Lifetime transfers: specific lifetime reliefs: taper relief: period of survival
  129. IHTM14621Lifetime transfers: specific lifetime reliefs: fall in value relief: introduction
  130. IHTM14622Lifetime transfers: specific lifetime reliefs: fall in value relief: form of the relief
  131. IHTM14624Lifetime transfers: specific lifetime reliefs: fall in value relief: conditions for relief
  132. IHTM14625Lifetime transfers: specific lifetime reliefs: fall in value relief: what is a qualifying sale?
  133. IHTM14626Lifetime transfers: specific lifetime reliefs: fall in value relief: what is market value?
  134. IHTM14627Lifetime transfers: specific lifetime reliefs: fall in value relief: the claim
  135. IHTM14628Lifetime transfers: specific lifetime reliefs: fall in value relief: wasting assets
  136. IHTM14629Lifetime transfers: specific lifetime reliefs: fall in value relief: portfolio of assets
  137. IHTM14630Lifetime transfers: specific lifetime reliefs: fall in value relief: more than one sale
  138. IHTM14631Lifetime transfers: specific lifetime reliefs: fall in value relief: not all of the transferred assets are sold
  139. IHTM14641Lifetime transfers: specific lifetime reliefs: shares and securities: adjustments
  140. IHTM14642Lifetime transfers: specific lifetime reliefs: shares and securities: capital receipts
  141. IHTM14643Lifetime transfers: specific lifetime reliefs: shares and securities: payment of calls
  142. IHTM14644Lifetime transfers: specific lifetime reliefs: shares and securities: changes in shareholdings
  143. IHTM14645Lifetime transfers: specific lifetime reliefs: shares and securities: transactions of close companies
  144. IHTM14661Lifetime transfers: specific lifetime reliefs: interests in land: changes between transfer and death
  145. IHTM14662Lifetime transfers: specific lifetime reliefs: interests in land: changes that have reduced the value
  146. IHTM14663Lifetime transfers: specific lifetime reliefs: interests in land: changes that have increased the value
  147. IHTM14664Lifetime transfers: specific lifetime reliefs: interests in land: compensation
  148. IHTM14670Lifetime transfers: specific lifetime reliefs: interests in land: leases
  149. IHTM14671Lifetime transfers: specific lifetime reliefs: interests in land: other property
  150. IHTM14691Lifetime transfers: specific lifetime reliefs: double charges relief: when double charges arise
  151. IHTM14692Lifetime transfers: specific lifetime reliefs: double charges relief: applying the relief
  152. IHTM14693Lifetime transfers: specific lifetime reliefs: double charges relief: authority for the relief
  153. IHTM14701Lifetime transfers: specific lifetime reliefs: potentially exempt transfers (PETs): when double charges relief arises
  154. IHTM14702Lifetime transfers: specific lifetime reliefs: potentially exempt transfers (PETs): partial consideration
  155. IHTM14703Lifetime transfers: specific lifetime reliefs: potentially exempt transfers (PETs): assets representing the asset transferred
  156. IHTM14704Lifetime transfers: specific lifetime reliefs: potentially exempt transfers (PETs): calculations
  157. IHTM14705Lifetime transfers: specific lifetime reliefs: potentially exempt transfers (PETs): Quick Succession Relief (QSR)
  158. IHTM14711Lifetime transfers: specific lifetime reliefs: gifts with reservation (GWRs): when double charges relief arises
  159. IHTM14712Lifetime transfers: specific lifetime reliefs: gifts with reservation (GWRs): calculations
  160. IHTM14713Lifetime transfers: specific lifetime reliefs: gifts with reservation (GWRs): example of calculations 1
  161. IHTM14714Lifetime transfers: specific lifetime reliefs: gifts with reservation (GWRs): example of calculations 2
  162. IHTM14721Lifetime transfers: specific lifetime reliefs: disallowed debts: when double charges relief arises
  163. IHTM14722Lifetime transfers: specific lifetime reliefs: disallowed debts: calculations
  164. IHTM14730Lifetime transfers: specific lifetime reliefs: disallowed debts: transfers chargeable when made
  165. IHTM14731Lifetime transfers: specific lifetime reliefs: disallowed debts: calculations producing the same amount
  166. IHTM14732Lifetime transfers: specific lifetime reliefs: disallowed debts: discretionary trusts
  167. IHTM14802Lifetime transfers: omissions: possible omissions of lifetime transfers
  168. IHTM14810Lifetime transfers: omissions: omission to exercise a right
  169. IHTM14821Lifetime transfers: associated operations: why are the provisions necessary?
  170. IHTM14822Lifetime transfers: associated operations: definition
  171. IHTM14823Lifetime transfers: associated operations: the objective test
  172. IHTM14824Lifetime transfers: associated operations: the subjective test
  173. IHTM14825Lifetime transfers: associated operations: additional provisions
  174. IHTM14826Lifetime transfers: associated operations: definition of terms
  175. IHTM14827Lifetime transfers: associated operations: transfer of value made by associated operations
  176. IHTM14828Lifetime transfers: associated operations: restrictions on which operations can be taken into account
  177. IHTM14829Lifetime transfers: associated operations: Re Macpherson
  178. IHTM14830Lifetime transfers: associated operations: insurance policies
  179. IHTM14831Lifetime transfers: associated operations: gifts with reservation (GWRs)
  180. IHTM14832Lifetime transfers: associated operations: transfers involving relievable property
  181. IHTM14833Lifetime transfers: associated operations: gifts between spouses or civil partners
  182. IHTM14834Lifetime transfers: associated operations: sale without immediate payment of the purchase price
  183. IHTM14835Lifetime transfers: associated operations: transfer in stages
  184. IHTM14836Lifetime transfers: associated operations: successive settlements
  185. IHTM14851Lifetime transfers: transfers by close companies: introduction
  186. IHTM14852Lifetime transfers: transfers by close companies: transfers of value
  187. IHTM14853Lifetime transfers: transfers by close companies: exemptions
  188. IHTM14854Transfers by close companies: foreign aspects
  189. IHTM14855Lifetime transfers: transfers by close companies: alterations in share capital, loan capital or rights
  190. IHTM14856Lifetime transfers: transfers by close companies: liability to tax
  191. IHTM14871Lifetime transfers: future payments: introduction
  192. IHTM14872Lifetime transfers: future payments: calculating the chargeable portion
  193. IHTM14873Lifetime transfers: future payments: exemptions
  194. IHTM14874Lifetime transfers: future payments: payments outstanding at death
  195. IHTM14881Lifetime transfers: dating of dispositions: introduction
  196. IHTM14882Lifetime transfers: dating of dispositions: gifts by cheque
  197. IHTM14883Lifetime transfers: dating of dispositions: dispositions affecting land
  198. IHTM14884Lifetime transfers: dating of dispositions: chattels and corporeal moveables
  199. IHTM14885Lifetime transfers: dating of dispositions: choses in action and incorporeal moveables
  200. IHTM14890Lifetime transfers: investigation issues: voidable transfers
  201. IHTM14900Lifetime transfers: investigation issues: donatio mortis causa (DMC)