IHTM14331 - The reservation: initial requirements
In considering the reservation you are concerned with
establishing whether
- the donee assumed bona fide possession and enjoyment ( IHTM14332)
and/or
- the donor was entirely excluded ( IHTM14333).
If either requirement is not satisfied, the gift is one with
reservation.
You will also have to consider the impact of any changes in
the property given (
IHTM14313).
There are separate instructions relating to insurance
policies (
IHTM14451).
