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IHTM44000 | Pre-owned Assets

From HM Revenue & Customs · Inheritance Tax Manual

Contents92 entries

  1. IHTM44001Pre-owned assets: introduction
  2. IHTM44002Pre-owned assets: valuation
  3. IHTM44003Pre-owned assets: property in charge: land
  4. IHTM44004Pre-owned assets: property in charge: the disposal condition - land
  5. IHTM44005Pre-owned assets: property in charge: the contribution condition - land
  6. IHTM44006Pre-owned assets: property in charge: chattels
  7. IHTM44007Pre-owned assets: property in charge: the disposal condition - chattels
  8. IHTM44008Pre-owned assets: property in charge: the contribution condition - chattels
  9. IHTM44009Pre-owned assets: property in charge: intangible property
  10. IHTM44010Pre-owned assets: calculation of the charge: introduction
  11. IHTM44011Pre-owned assets: calculation of the charge on land: valuation date and the 5 year cycle
  12. IHTM44012Pre-owned assets: calculation of the charge on land: where the relevant land is disposed of
  13. IHTM44013Pre-owned assets: calculation of the charge on land: where the chargeable person disposed of other property
  14. IHTM44014Pre-owned assets: calculation of the charge on land: where the chargeable person contributed to the acquisition of the relevant property
  15. IHTM44015Pre-owned assets: calculation of the charge on land: non-exempt sales
  16. IHTM44016Pre-owned assets: calculation of the charge on chattels: introduction
  17. IHTM44017Pre-owned assets: calculation of the charge on chattels: valuation date and the 5 year cycle
  18. IHTM44018Pre-owned assets: calculation of the charge on chattels: where the chattels are disposed of
  19. IHTM44019Pre-owned assets: calculation of the charge on chattels: where the chargeable person disposed of other property
  20. IHTM44020Pre-owned assets: calculation of the charge on chattels: where the chargeable person contributed to the acquisition of the relevant property
  21. IHTM44021Pre-owned assets: calculation of the charge on chattels: non-exempt sales
  22. IHTM44025Pre-owned assets: calculation of the charge on intangibles: introduction
  23. IHTM44026Pre-owned assets: calculation of the charge on intangibles: valuation date
  24. IHTM44030Pre-owned assets: excluded transactions: introduction
  25. IHTM44031Pre-owned assets: excluded transactions: the disposal condition - sale of entire interest
  26. IHTM44032Pre-owned assets: excluded transactions: the disposal condition - transfer to spouse or civil partner
  27. IHTM44033Pre-owned assets: excluded transactions: the disposal condition - family maintenance
  28. IHTM44034Pre-owned assets: excluded transactions: the disposal condition - annual and small gifts exemption
  29. IHTM44035Pre-owned assets: excluded transactions: the contribution condition - transfer to spouse or civil partner
  30. IHTM44036Pre-owned assets: excluded transactions: the contribution condition - outright gift of money
  31. IHTM44037Pre-owned assets: excluded transactions: the contribution condition - family maintenance
  32. IHTM44038Pre-owned assets: excluded transactions: the contribution condition - annual and small gifts exemption
  33. IHTM44040Pre-owned assets: exemptions: introduction
  34. IHTM44041Pre-owned assets: exemptions: relevant property remains part of the Inheritance Tax estate
  35. IHTM44042Pre-owned assets: exemptions: examples where relevant property remains part of the Inheritance Tax estate
  36. IHTM44043Pre-owned assets: exemptions: property in a person’s estate that derives its value from the relevant property
  37. IHTM44044Pre-owned assets: exemptions: reservation of benefit in the relevant property
  38. IHTM44045Pre-owned assets: exemptions: reservation of benefit in property that derives its value from the relevant property
  39. IHTM44046Pre-owned assets: exemptions: reservation of benefit in property but for certain exemptions
  40. IHTM44047Pre-owned assets: exemptions: reservation of benefit in share of interest in land
  41. IHTM44048Pre-owned assets: exemptions: exclusion of reservation of benefit under FA86/Sch20/Para6
  42. IHTM44049Pre-owned assets: exemptions: cash gifts and exclusion of reservation of benefit provisions
  43. IHTM44050Pre-owned assets: exemptions: relevant property remains part of the Inheritance Tax estate: restriction for subsequent ownership
  44. IHTM44051Pre-owned assets: exemptions: relevant property remains part of the Inheritance Tax estate: excluded liabilities
  45. IHTM44052Pre-owned assets: exemptions: foreign element
  46. IHTM44053Pre-owned assets: exemptions: foreign element - non-residence
  47. IHTM44054Pre-owned assets: exemptions: foreign element - long-term UK resident
  48. IHTM44055Pre-owned assets: exemptions: foreign element - excluded property prior to 6 April 2025
  49. IHTM44056Pre-owned assets: exemptions: de minimis exemption
  50. IHTM44057Pre-owned assets: exemptions: changes in the distribution of a deceased’s estate
  51. IHTM44058Pre-owned assets: exemptions: guarantees
  52. IHTM44059Pre-owned assets: exemptions: sale of part share
  53. IHTM44060Pre-owned assets: avoidance of double charges: introduction
  54. IHTM44061Pre-owned assets: avoidance of double charges: more than one charge under FA04/Sch15
  55. IHTM44062Pre-owned assets: avoidance of double charges: charge to employment benefits
  56. IHTM44063Pre-owned assets: avoidance of double charges: election that reservation of benefit provisions should apply
  57. IHTM44064Pre-owned assets: avoidance of double charges: debt written off or released
  58. IHTM44070Pre-owned assets: election into Inheritance Tax: introduction
  59. IHTM44071Pre-owned assets: election into Inheritance Tax: land & chattels
  60. IHTM44072Pre-owned assets: election into Inheritance Tax: land & chattels - chargeable portion
  61. IHTM44073Pre-owned assets: election into Inheritance Tax: intangibles
  62. IHTM44074Pre-owned assets: election into Inheritance Tax: how to make an election
  63. IHTM44075Pre-owned assets: election into Inheritance Tax: when to make an election
  64. IHTM44076Pre-owned assets: election into Inheritance Tax: withdrawal of an election
  65. IHTM44077Pre-owned assets: election into Inheritance Tax: when a late election may be accepted
  66. IHTM44078Pre-owned assets: election into Inheritance Tax: refusal to accept a late election
  67. IHTM44100Pre-owned assets: specific avoidance schemes: land - lease carve-out scheme
  68. IHTM44101Pre-owned assets: specific avoidance schemes: land - settlement on interest in possession trusts
  69. IHTM44102Pre-owned assets: specific avoidance schemes: land - reversionary leases
  70. IHTM44103Pre-owned assets: specific avoidance schemes: land - home loan or double trust scheme
  71. IHTM44104Pre-owned assets: specific avoidance schemes: land - double trust or home loan scheme: loan repayable on demand
  72. IHTM44105Pre-owned assets: specific avoidance schemes: land - double trust or home loan scheme: loan not repayable until after the individual’s death
  73. IHTM44106Pre-owned assets: specific avoidance schemes: land - double trust or home loan scheme: alternative approach
  74. IHTM44107Pre-owned assets: specific avoidance schemes: land - debt & charge scheme
  75. IHTM44108Pre-owned assets: specific avoidance schemes: chattels - lease carve-out scheme
  76. IHTM44109Pre-owned assets: specific avoidance schemes: chattels - gift and leaseback scheme
  77. IHTM44110Pre-owned assets: specific avoidance schemes: intangibles - settlement on interest in possession trusts
  78. IHTM44111Pre-owned assets: insurance based products: introduction
  79. IHTM44112Pre-owned assets: insurance based products: discounted gift trust
  80. IHTM44113Pre-owned assets: insurance based products: gift and loan trust
  81. IHTM44114Pre-owned assets: insurance based products: pension policies
  82. IHTM44115Pre-owned assets: insurance based products: business trusts and partnership policies
  83. IHTM44116Pre-owned assets: insurance based products: policies settled on trusts before 18 March 1986
  84. IHTM44120Pre-owned assets: unwinding of home loan or double trust scheme: background
  85. IHTM44121Pre-owned assets: unwinding of home loan or double trust scheme: joint settlor schemes unwound after first death
  86. IHTM44122Pre-owned assets: unwinding of home loan or double trust scheme: joint settlor schemes - loan valued at less than open market value of the property on the death of the first settlor
  87. IHTM44123Pre-owned assets: unwinding of home loan or double trust scheme: downsizing
  88. IHTM44124Pre-owned assets: unwinding of home loan or double trust scheme: downsizing - loan valued at less than the open market value of the property on the death of the first settlor
  89. IHTM44125Pre-owned assets: unwinding of home loan or double trust scheme: tracing
  90. IHTM44126Pre-owned assets: unwinding of home loan or double trust scheme: payment of Inheritance Tax
  91. IHTM44127Pre-owned assets: unwinding of home loan or double trust scheme: residence nil rate band
  92. IHTM44128Pre-owned assets: unwinding of home loan or double trust scheme: pre-owned asset charge