IHTM27000 - Foreign property: contents


Introduction
Investigation of form IHT417
Valuation Assets
Blocked Assets
Locality of assets (situs)
Double Taxation Conventions
Property excluded from Inheritance Tax

Introduction

IHTM27001Introduction

Investigation of form IHT417

IHTM27011Pre-Grant
IHTM27012PC&S
IHTM27013Compliance Group

Valuation Assets

IHTM27022Quoted foreign shares
IHTM27023Unquoted foreign shares
IHTM27024Loss on sale of foreign shares
IHTM27025Foreign shares fall in value relief
IHTM27031Valuation of foreign bank accounts, debts, household and personal goods
IHTM27032Deduction of foreign debts
IHTM27041Foreign land or buildings: procedure
IHTM27042Foreign land loss on sale
IHTM27043Foreign land fall in value relief
IHTM27050Deduction for administration of non-UK assets
IHTM27051Conversion of foreign currency
IHTM27052Claims for compensation
IHTM27053Foreign rulers and sovereign immunity

Blocked Assets

IHTM27060Blocked assets

Locality of assets (situs)

IHTM27071Introduction
IHTM27072Unadministered estates or shares therein
IHTM27073Ships
IHTM27074Land and interests in land
IHTM27075Chattels
IHTM27076Bearer securities
IHTM27077Eurobonds & American Depository Receipts

Specialty Rule

IHTM27079Bonds and debentures under seal
IHTM27080Treasury Bills, British Savings Bonds, National Savings Income Bonds

Debts

IHTM27091Contractual
IHTM27092Debts In Scotland
IHTM27093Bank accounts

Policy monies

IHTM27101General rule
IHTM27102Payment at place other than Head Office
IHTM27103Issued at branch office
IHTM27104Policies under seal

Inscribed and registered securities

IHTM27121Usual location
IHTM27122Branch registers
IHTM27123Effectiveness of register
IHTM27124Overseas branch registers of UK companies
IHTM27125Duplicate or multiple registers of non-UK companies

Inscribed and registered securities: Canadian companies

IHTM27127Transfer agencies
IHTM27128British Colombian & Newfoundland Companies
IHTM27129Nova Scotia Companies

Inscribed and registered securities: Securities issued by international organisations

IHTM27141List of non-UK situs organisations
IHTM27142List of securities given a non-UK designation by the Treasury.
IHTM27143OECD & Inter-American Development Bank

IHTM27150Share certificates endorsed in blank
IHTM27151Building society or bank accounts in the Isle of Man or Channel Isles

Double Taxation Conventions

IHTM27161Introduction

Exchange of information

IHTM27163Why exchange information
IHTM27164Information bulletin procedure with convention partners (form 730)
IHTM27165List of conventions
IHTM27166Information bulletins received from convention partners

Certification of tax paid

IHTM27168Ireland
IHTM27169South Africa
IHTM27170USA
IHTM27171Netherlands
IHTM27172Sweden
IHTM27173Switzerland
IHTM27174France
IHTM27175Italy
IHTM27176Procedure with non-convention countries
IHTM27177Certification of disclosure and tax enforcement procedure with USA
IHTM27178Certification of disclosure and tax enforcement procedure with South Africa

Double Taxation Relief

IHTM27181What is the relief?
IHTM27182Credit for relief claimed before grant
IHTM27183Examination after grant when relief claimed

Double Taxation Relief: Procedure with non-convention countries - unilateral relief

IHTM27185Introduction
IHTM27186Procedure chart
IHTM27187Relief under IHTA84/S159 (2)
IHTM27188Relief under IHTA84/S159 (3) or S159 (4)
IHTM27189Relief when both IHTA84/S159 (2) and (3) apply

Procedures

IHTM27190Procedure with convention partners
IHTM27200Procedure when both forms of relief apply
IHTM27201Procedure for relief by concession on shares

Proper law of settlement

IHTM27202Proper law of settlement

Property excluded from Inheritance Tax

IHTM27211Introduction
IHTM27212Foreign unsettled property
IHTM27220Foreign settled property with settlor domiciled outside the UK when settlement made
IHTM27230Reversionary interest in settled property - whether directly or through a settlement

Specific British Government Securities

IHTM27241Introduction

Specific British Government Securities: discretionary trusts and exempt securities

IHTM27247Introduction
IHTM27248Unknown persons
IHTM27249UK charities
IHTM27250Exit charges
IHTM27251Anti-avoidance rules
IHTM27252Exceptions for some settled reversions

Specific British Government Securities cont'd

IHTM27260Exclusion of interest
IHTM27261Exclusion of repayment of Income Tax
IHTM27262Reversionary interest in exempt securities
IHTM27263Exempt securities in unadministered estates
IHTM27264Exempt securities as partnership assets

Certain specific savings held by taxpayers in Channel Islands or Isle of Man

IHTM27270Certain specific savings held by taxpayers in Channel Islands or Isle of Man

Specific property of visiting forces and staff of Allied Headquarters

IHTM27272Introduction
IHTM27273Assets excluded
IHTM27274Qualifying persons
IHTM27275List of designated countries