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IHTM20000 | Life Policies: Contents

From HM Revenue & Customs · Inheritance Tax Manual

Contents123 entries

  1. IHTM20011Life Policies: introduction to life policies: what is a life policy?
  2. IHTM20012Life Policies: introduction to life policies: life policies and Inheritance Tax
  3. IHTM20021Life Policies: investigating form IHT410: introduction to form IHT410
  4. IHTM20022Life Policies: investigating form IHT410: if the answer to Question 1 is Yes
  5. IHTM20023Life Policies: investigating form IHT410: if the answer to Question 3 is Yes
  6. IHTM20024Life Policies: investigating form IHT410: if the answer to Question 4 is Yes
  7. IHTM20025Life Policies: investigating form IHT410: if the answer to Question 7 is Yes
  8. IHTM20026Life Policies: investigating form IHT410: if the answer to Question 10 is yes
  9. IHTM20027Life Policies: investigating form IHT410: procedure if the answer to Question 10 is Yes
  10. IHTM20028Life Policies: investigating form IHT410: if the answer to Question 12 is Yes
  11. IHTM20029Life Policies: investigating form IHT410: if the answer to Question 14 is Yes
  12. IHTM20041Life Policies: investigating form IHT403: introduction
  13. IHTM20042Life Policies: investigating form IHT403: gift of an existing life policy
  14. IHTM20043Life Policies: investigating form IHT403: procedure for a gift of an existing life policy
  15. IHTM20044Life Policies: investigating form IHT403: payment of premiums on a life policy for the benefit of someone else
  16. IHTM20045Life Policies: investigating form IHT403: payment of premiums on a life policy for the benefit of someone else - procedure
  17. IHTM20046Life Policies: investigating form IHT403: assignment of the right to a lump sum due under an annuity contract
  18. IHTM20061Life Policies: particular situations to look out for: Foundation Insurance (Capital Redemptions) Ltd
  19. IHTM20062Life Policies: particular situations to look out for: Midland Life (or HSBC) Cluster Trusts
  20. IHTM20081Life Policies: definitions: 'assured' and 'life assured'
  21. IHTM20082Life Policies: definitions: 'premium'
  22. IHTM20083Life Policies: definitions: 'surrender value' and 'open market value'
  23. IHTM20084Life Policies: definitions: 'claim value'
  24. IHTM20085Life Policies: definitions: 'insurable interest'
  25. IHTM20086Life Policies: definitions: 'sum assured'
  26. IHTM20087Life Policies: definitions: 'back-to-back policies'
  27. IHTM20088Life Policies: definitions: 'mortgage protection policies' and 'mortgage indemnity guarantees'
  28. IHTM20101Life Policies: types of policy: whole life policy
  29. IHTM20102Life Policies: types of policy: term, term assurance or temporary policy
  30. IHTM20103Life Policies: types of policy: pure endowment policy
  31. IHTM20104Life Policies: types of policy: endowment policy or endowment assurance
  32. IHTM20105Life Policies: types of policy: with-profits policy
  33. IHTM20106Life Policies: types of policy: unit-linked policy
  34. IHTM20107Life Policies: types of policy: alternative benefits policy
  35. IHTM20141Life Policies: trusts of life policies: introduction
  36. IHTM20151Life Policies: trusts of life policies: policy settled on its own trusts: express life interest in favour of settlor
  37. IHTM20152Life Policies: trusts of life policies: policy settled on its own trusts: conditions required for policy to be comprised in a settlement
  38. IHTM20153Life Policies: trusts of life policies: policy settled on its own trusts: life interest in favour of a beneficiary other than the settlor
  39. IHTM20154Life Policies: trusts of life policies: policy settled on its own trusts: examples (England, Wales and Northern Ireland)
  40. IHTM20155Life Policies: trusts of life policies: policy settled on its own trusts: examples (Scotland)
  41. IHTM20160Life Policies: trusts of life policies: policy settled on other trusts
  42. IHTM20170Life Policies: trusts of life policies: general power over the policy proceeds
  43. IHTM20181Life Policies: Married Women’s Property Act policies: introduction
  44. IHTM20182Life Policies: Married Women’s Property Act policies: proper law
  45. IHTM20183Life Policies: Married Women’s Property Act policies: the rule in Phipps v Ackers
  46. IHTM20184Life Policies: Married Women’s Property Act policies: trustee’s remuneration
  47. IHTM20185Life Policies: Married Women’s Property Act policies: no trustee appointed
  48. IHTM20201Life Policies: policy on the deceased’s life not connected with any other transaction (except a trust): introduction
  49. IHTM20202Life Policies: policy on the deceased’s life not connected with any other transaction (except a trust): contracts of life insurance in existence prior to 22 March 2006
  50. IHTM20211Life Policies: policy on the deceased’s life not connected with any other transaction (except a trust): policy unconnected with a gift or trust: introduction
  51. IHTM20212Life Policies: policy on the deceased’s life not connected with any other transaction (except a trust): policy unconnected with a gift or trust: possible discount
  52. IHTM20213Life Policies: policy on the deceased’s life not connected with any other transaction (except a trust): policy unconnected with a gift or trust:
  53. IHTM20221Life Policies: policy on the deceased’s life not connected with any other transaction (except a trust): policy effected by the deceased for their own benefit but gifted later: introduction
  54. IHTM20231Life Policies: policy on the deceased’s life not connected with any other transaction (except a trust): policy effected by the deceased for their own benefit but gifted later: value of policy: general rule
  55. IHTM20241Life Policies: policy on the deceased’s life not connected with any other transaction (except a trust): policy effected by the deceased for their own benefit but gifted later: special rule: introduction
  56. IHTM20242Life Policies: policy on the deceased’s life not connected with any other transaction (except a trust): policy effected by the deceased for their own benefit but gifted later: special rule: exclusions from special rule
  57. IHTM20243Life Policies: policy on the deceased’s life not connected with any other transaction (except a trust): policy effected by the deceased for their own benefit but gifted later: special rule: term assurance policies excluded from special rule
  58. IHTM20244Life Policies: policy on the deceased’s life not connected with any other transaction (except a trust): policy effected by the deceased for their own benefit but gifted later: special rule: modification of the special rule for unit-linked policie
  59. IHTM20251Life Policies: policy on the deceased’s life not connected with any other transaction (except a trust): policy effected for the benefit of someone else from the start: introduction
  60. IHTM20252Life Policies: policy on the deceased’s life not connected with any other transaction (except a trust): policy effected for the benefit of someone else from the start: policy contains option to surrender bonuses to the transferor
  61. IHTM20300Life Policies: joint life and joint name policies: policies in joint names
  62. IHTM20301Life Policies: joint life and joint name policies: introduction
  63. IHTM20302Life Policies: joint life and joint name policies: ascertaining the beneficial interests
  64. IHTM20303Life Policies: joint life and joint name policies: the situations that can arise and the Inheritance Tax claims that can result
  65. IHTM20304Life Policies: joint life and joint name policies: joint mortgage protection policies
  66. IHTM20331Life Policies: Potentially Exempt Transfer treatment for renewal premiums: payment of premiums for policies in accumulation and maintenance or trusts for disabled persons
  67. IHTM20332Life Policies: Potentially Exempt Transfer treatment for renewal premiums: payment of premiums for policies gifted to individuals
  68. IHTM20351Life Policies: policy based on the life of another not connected with any other transaction (except a trust): introduction
  69. IHTM20352Life Policies: policy based on the life of another not connected with any other transaction (except a trust): procedure
  70. IHTM20371Life Policies: life policy linked with an annuity: introduction and background
  71. IHTM20372Life Policies: life policy linked with an annuity: what to do first
  72. IHTM20373Life Policies: life policy linked with an annuity: what to do when the Actuarial Team’s advice is received
  73. IHTM20374Life Policies: life policy linked with an annuity: the current statutory position
  74. IHTM20375Life Policies: life policy linked with an annuity: the Associated Operations test
  75. IHTM20376Life Policies: life policy linked with an annuity: annuity and policy issued by different companies
  76. IHTM20377Life Policies: life policy linked with an annuity: deferred annuity contract
  77. IHTM20401Life Policies: Pure Endowment policy linked with a Term Assurance policy: Introduction
  78. IHTM20402Differences between PETA and Discounted Gift schemes
  79. IHTM20410PETA schemes
  80. IHTM20421Discounted Gift Schemes: introduction
  81. IHTM20422Discounted Gift Schemes: what to do
  82. IHTM20423Discounted Gift Schemes: list of Companies and Scheme names
  83. IHTM20424Discounted Gift Schemes: basic scheme
  84. IHTM20425Discounted Gift Schemes: quantifying the Inheritance Tax claim
  85. IHTM20426Discounted Gift Schemes: factors affecting the open market value of the retained rights
  86. IHTM20427Discounted Gift Schemes: where the transferor’s life was uninsurable at the transfer date
  87. IHTM20450Life Policies: Capital Conversion or Flexible Funding plans
  88. IHTM20501Life Policies: life policy linked with a loan and inheritance trusts: introduction
  89. IHTM20502Life Policies: life policy linked with a loan and inheritance trusts: what to do
  90. IHTM20503Life Policies: life policy linked with a loan and inheritance trusts: procedure
  91. IHTM20511Life Policies: life policy linked with a loan and inheritance trusts: original scheme: how the original scheme typically worked
  92. IHTM20512Life Policies: life policy linked with a loan and inheritance trusts: original scheme: legislation designed to counteract scheme
  93. IHTM20513Life Policies: life policy linked with a loan and inheritance trusts: original scheme: revised scheme following legislative changes
  94. IHTM20521Life Policies: life policy linked with a loan and inheritance trusts: reverse loan scheme: how the reverse loan scheme typically worked
  95. IHTM20522Life Policies: reverse loan scheme: legislation designed to counteract reverse loan scheme
  96. IHTM20551Split or Retained Interest Trusts: Introduction
  97. IHTM20552Split or Retained Interest Trusts: single lump sum investments
  98. IHTM20553Split or Retained Interest Trusts: single lump sum investments: further details
  99. IHTM20554Split or retained interest trusts: single lump sum investments: what to do
  100. IHTM20555Split or retained interest trusts: regular premium arrangements
  101. IHTM20556Split or retained interest trusts: regular premium arrangements: further information
  102. IHTM20557Split or retained interest trusts: regular premium arrangements: what to do
  103. IHTM20561Flexible Reversionary Trusts: Introduction
  104. IHTM20562Flexible Reversionary Trusts: further details
  105. IHTM20563Flexible Reversionary Trusts:what to do
  106. IHTM20601Life Policies: Countrywide (formerly Premium Life) Assurance Company policies: introduction
  107. IHTM20602Life Policies: Countrywide (formerly Premium Life) Assurance Company policies: what action to take
  108. IHTM20603Life Policies: Countrywide (formerly Premium Life) Assurance Company policies: how to identify the two schemes
  109. IHTM20611Life Policies: policies with Canadian insurance companies: introduction
  110. IHTM20612Life Policies: policies with Canadian insurance companies: the companies concerned
  111. IHTM20613Life Policies: policies with Canadian insurance companies: governing law
  112. IHTM20631Life Policies: annuities payable to deceased/transferor by insurance companies: introduction
  113. IHTM20632Life Policies: annuities payable to deceased/transferor by insurance companies: purchased life annuities: types and potential claims
  114. IHTM20633Life Policies: annuities payable to deceased/transferor by insurance companies: annuities ceasing on the death
  115. IHTM20634Life Policies: annuities payable to deceased/transferor by insurance companies: annuities which continue after the death
  116. IHTM20635Life Policies: annuities payable to deceased/transferor by insurance companies: annuities purchased in joint names
  117. IHTM20650Life Policies: Technical note on discounted gift schemes issued on 1 May 2007: introduction
  118. IHTM20651Life Policies: Technical note on discounted gift schemes issued on 1 May 2007: Background
  119. IHTM20652Life Policies: Technical note on discounted gift schemes issued on 1 May 2007: Inheritance Tax treatment of discounted gift schemes.
  120. IHTM20653Life Policies: Technical note on discounted gift schemes issued on 1 May 2007: valuation issues
  121. IHTM20654Life Policies: Technical note on discounted gift schemes issued on 1 May 2007: position where there are joint settlors
  122. IHTM20655Life Policies: Technical note on discounted gift schemes issued on 1 May 2007: underwriting approach
  123. IHTM20656Life Policies: Technical note on discounted gift schemes issued on 1May 2007: HMRC’s current basis of valuation