IHTM26000 - Calculating the chargeable estate: contents
Introduction
Specific gifts
Calculating the chargeable estate
Other calculations
Allocating the burden of tax
Property at more than one title
Introduction
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Specific gifts
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Calculating the chargeable estate
| IHTM26020 |
Special rule concerning spouse or civil partner exemption |
| IHTM26030 |
Calculation where residue wholly chargeable |
| IHTM26040 |
Calculation where there are no specific gifts |
| IHTM26050 |
Calculation where residue partly chargeable and no chargeable specific gifts |
| IHTM26060 |
Calculation where there are chargeable specific gifts and residue wholly exempt |
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Other calculations
| IHTM26071 |
Order in which to apply the partly exempt transfer rules |
Step 1 - the starting value of specific gifts
Step 2 - abatement where there are not enough assets to pay specific gifts in full
| IHTM26090 |
Abatement where there are not enough assets to pay specific gifts in full* |
Step 3 - interaction
| IHTM26101 |
Introduction |
| IHTM26102 |
Situations where interaction applies |
| IHTM26103 |
Summary of the interaction provisions |
| IHTM26104 |
Outline of the interaction procedure |
| IHTM26105 |
Extent of examination necessary |
| IHTM26106 |
Specific gifts of relievable property |
| IHTM26107 |
Anti-avoidance provisions |
| IHTM26108 |
The appropriate fraction |
| IHTM26109 |
The appropriate fraction where there are no specific gifts of relievable property |
| IHTM26110 |
The appropriate fraction where there are specific gifts of relievable property |
Step 4 - grossing up
| IHTM26121 |
Background |
| IHTM26122 |
How grossing up works |
| IHTM26123 |
The specific gifts you should gross up |
| IHTM26124 |
How to decide whether specific gifts out of the free estate bear their own tax |
| IHTM26125 |
How to decide whether specific gifts out of settled property bear their own tax |
| IHTM26126 |
Other property which bears its own tax |
| IHTM26127 |
What to do if the value of a gift is dependent upon the amount of an exemption |
| IHTM26128 |
Initial procedure for grossing up |
| IHTM26129 |
Grossing up where there are any reliefs due |
| IHTM26130 |
Grossing up where there are exemptions with a value limit |
| IHTM26131 |
Deciding which type of grossing calculation to use |
| IHTM26132 |
The grossing calculator |
| IHTM26133 |
Grossing up position where (additional) legacies are given under a variation accepted as within IHTA84/s142 |
Step 4 - simple grossing calculations
| IHTM26141 |
Introduction |
| IHTM26142 |
Calculation when there is no lifetime cumulation |
| IHTM26143 |
Calculation when there is a lifetime cumulative total which is below the threshold |
| IHTM26144 |
Calculation when there is a lifetime cumulative total in excess of the threshold |
Step 4 - four stage grossing calculations
Step 4 - Re Benham type grossing calculations
Step 5 - abatement caused by grossing up
| IHTM26180 |
Step 5 - abatement caused by grossing up |
Apportioning the grossed up estate between instalment and non-instalment option property
| IHTM26190 |
Apportioning the grossed up estate between instalment and non-instalment option property |
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Allocating the burden of tax
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Property at more than one title
