IHTM28000 - Liabilities: contents
Introduction
Investigating liabilities
Investigating form IHT419
Law relating to debts
Introduction
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Investigating liabilities
Annuities
| IHTM28050 |
Annuities |
| IHTM28051 |
Payment of annuity is the personal responsibility of the deceased or transferor |
| IHTM28052 |
Annuitant can insist that capital is set aside to meet annuity |
Capital gains tax
| IHTM28060 |
Capital Gains Tax (CGT) |
| IHTM28061 |
Link between CGT liability and assets in the estate |
Contingent liabilities
Costs & commissions
| IHTM28080 |
Costs & commissions |
| IHTM28081 |
Costs of sale (general) |
| IHTM28082 |
Costs of receiver/deputy for a person lacking capacity |
| IHTM28083 |
Costs of discharge of Curator Bonis |
| IHTM28084 |
Costs of Agents' commission for recovery of an asset |
Divorce and separation payments
| IHTM28090 |
Separation, divorce or dissolution of a civil partnership payments |
| IHTM28091 |
Annuities payable on separation, divorce or dissolution of a civil partnership |
| IHTM28092 |
Claims for financial relief for divorce under the Matrimonial Causes Act or dissolution of a civil partnership under the Civil Partnership Act 2004 |
| IHTM28093 |
Claims for financial relief under the Family Law (Scotland) Act 1985 or Civil Partnership Act 2004 |
| IHTM28094 |
Interim maintenance orders ceasing on the deceased's death |
Foreign taxes
Income Tax
| IHTM28150 |
Income Tax |
| IHTM28151 |
Large Income Tax liabilities |
| IHTM28152 |
Income Tax investigation settlements |
| IHTM28153 |
Estimated Income Tax liabilities |
| IHTM28154 |
Income Tax on the disposal of an 'offshore fund' |
| IHTM28155 |
Income Tax on the disposal of deep discount securities |
| IHTM28157 |
Income Tax on sums receivable following the discontinuance of a business |
| IHTM28158 |
Income Tax payable on the death of a partner in a business |
| IHTM28159 |
Voluntary payments of tax |
| IHTM28160 |
Chargeable gains that give rise to an Income Tax liability when a life insurance policy matures |
Inheritance tax
Insurance premiums
Local authority payments
Medical bills
Mortgages
Sums payable to third parties
| IHTM28291 |
Sums payable to third parties in England and Wales |
| IHTM28292 |
Sums payable to third parties in Scotland |
| IHTM28293 |
Extent to which sums payable to third parties are allowable |
Uncashed cheques
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Investigating form IHT419
Loans from relatives and friends
| IHTM28321 |
Obtaining information about loans from friends and relatives |
| IHTM28322 |
Investigating loans from friends and relatives |
| IHTM28323 |
Is a loan from friends and family allowable? |
| IHTM28330 |
Money spent on behalf of the deceased by a close friend or relative |
| IHTM28340 |
Liabilities relating to an insurance policy s |
Guarantee debts
| IHTM28351 |
What is a guarantee debt? |
| IHTM28352 |
Obtaining information about a guarantee debt |
| IHTM28353 |
Consideration for a guarantee debt |
| IHTM28354 |
Reimbursement of guaranteed debt |
| IHTM28355 |
Calculating the allowable deduction for a guarantee debt |
| IHTM28356 |
Lifetime transfers on guarantee debts |
| IHTM28357 |
Lifetime transfers on guarantee debts called in and fully paid before death |
Section 103 FA 1986 liabilities
| IHTM28361 |
Purpose of FA86/s103 |
| IHTM28362 |
How FA86/S103works? |
| IHTM28363 |
How to identify and handle FA86/s103debts |
| IHTM28364 |
Practical guidance on dealing with FA86/s103 debts |
| IHTM28365 |
How FA86/S103 applies when the consideration is 'property derived from the deceased' |
| IHTM28366 |
How FA86/S103 applies when there is 'consideration given by any person whose resources at any time included property derived from the deceased' |
| IHTM28367 |
Definition of property derived from the deceased for FA86/S103 purposes |
| IHTM28368 |
When property derived from the deceased can be disregarded for FA86/S103 purposes? |
| IHTM28369 |
Allowing part of a debt under FA86/S103 (2) |
| IHTM28370 |
Double charges following disallowance of a debt under FA86/S103 |
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Law relating to debts
Property against which deductions may be made
| IHTM28391 |
General rules for deducting liabilities against property |
| IHTM28392 |
Deducting liabilities that are charged or fixed to specific property |
| IHTM28393 |
Deducting business debts |
| IHTM28394 |
Deducting foreign debts |
| IHTM28395 |
Deducting liabilities where there is excluded property |
| IHTM28396 |
Deducting UK debts when there is both UK and foreign property in the estate |
| IHTM28397 |
Dealing with deficits |