IHTM10501 - IHT 100 (before 2003): introduction

The IHT 100 is a general-purpose account that is used for 4 different types of transfer

• potentially exempt transfers (PET) (IHTM04057) where the transferor died within 7 years of making the gift
• gifts with reservation (GWR) (IHTM04071) where either the reservation continues until the date of death or where the reservation ceased within 7 years of the death
• terminations of interest in possessions in settled property (IHTM04081) (which arise either on death or during the lifetime of an individual), or
• other lifetime transfers (IHTM04051), including transfers that are chargeable to tax when they are made.

Detailed guidance on how to investigate potentially exempt transfers, gifts with reservation and other lifetime transfers that are chargeable when made can be found in section 14 (IHTM14000). The investigation of a termination in an interest in settled property is dealt with in section 16 (IHTM16000).

The following guidance relates to the IHT 100 in use up to October 2003. It was replaced by the new version of the IHT 100 guidance which is at IHTM10650.