IHTM04028 - Structure of the
charge: what is the value transferred?
The value transferred by a chargeable transfer is calculated in
a different way depending on the charge to IHT
- for lifetime transfers, the value
transferred is the amount of the loss to the transfer’s
estate, (
IHTM04054)
- on death, the value transferred is equal
to the value of the deceased’s estate, immediately before
death, (
IHTM04044)
- for a lifetime transfer of settled
property in which an interest in possession subsists, the value
transferred is equal to the value of the property in which the
interest subsisted, (
IHTM04093)
- for discretionary trusts, (
IHTM04097) the value transferred
depends of the nature of the claim to tax.
