IHTM27000 - Foreign property: contents
Introduction
Introduction |
Investigation of form IHT417
Pre-Grant |
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PC&S |
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Compliance Group |
Valuation Assets
Quoted foreign shares |
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Unquoted foreign shares |
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Loss on sale of foreign shares |
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Foreign shares fall in value relief |
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Valuation of foreign bank accounts, debts, household and personal goods |
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Deduction of foreign debts |
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Foreign land or buildings: procedure |
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Foreign land loss on sale |
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Foreign land fall in value relief |
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Deduction for administration of non-UK assets |
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Conversion of foreign currency |
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Claims for compensation |
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Foreign rulers and sovereign immunity |
Blocked Assets
Blocked assets |
Locality of assets (situs)
Introduction |
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Unadministered estates or shares therein |
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Ships |
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Land and interests in land |
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Chattels |
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Bearer securities |
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Eurobonds & American Depository Receipts |
Specialty Rule
Bonds and debentures under seal |
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Treasury Bills, British Savings Bonds, National Savings Income Bonds |
Debts
Contractual |
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Debts In Scotland |
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Bank accounts |
Policy monies
General rule |
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Payment at place other than Head Office |
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Issued at branch office |
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Policies under seal |
Inscribed and registered securities
Usual location |
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Branch registers |
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Effectiveness of register |
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Overseas branch registers of UK companies |
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Duplicate or multiple registers of non-UK companies |
Inscribed and registered securities: Canadian companies
Transfer agencies |
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British Colombian & Newfoundland Companies |
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Nova Scotia Companies |
Inscribed and registered securities: Securities issued by international organisations
List of non-UK situs organisations |
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List of securities given a non-UK designation by the Treasury. |
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OECD & Inter-American Development Bank |
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Share certificates endorsed in blank |
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Building society or bank accounts in the Isle of Man or Channel Isles |
Double Taxation Conventions
Introduction |
Exchange of information
Why exchange information |
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Information bulletin procedure with convention partners (form 730) |
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List of conventions |
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Information bulletins received from convention partners |
Certification of tax paid
Ireland |
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South Africa |
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USA |
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Netherlands |
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Sweden |
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Switzerland |
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France |
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Italy |
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Procedure with non-convention countries |
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Certification of disclosure and tax enforcement procedure with USA |
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Certification of disclosure and tax enforcement procedure with South Africa |
Double Taxation Relief
What is the relief? |
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Credit for relief claimed before grant |
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Examination after grant when relief claimed |
Double Taxation Relief: Procedure with non-convention countries - unilateral relief
Introduction |
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Procedure chart |
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Relief under IHTA84/S159 (2) |
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Relief under IHTA84/S159 (3) or S159 (4) |
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Relief when both IHTA84/S159 (2) and (3) apply |
Procedures
Procedure with convention partners |
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Procedure when both forms of relief apply |
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Procedure for relief by concession on shares |
Proper law of settlement
Proper law of settlement |
Property excluded from Inheritance Tax
Introduction |
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Foreign unsettled property |
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Foreign settled property with settlor domiciled outside the UK when settlement made |
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Reversionary interest in settled property - whether directly or through a settlement |
Specific British Government Securities
Introduction |
Specific British Government Securities: discretionary trusts and exempt securities
Introduction |
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Unknown persons |
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Charities |
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Exit charges |
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Anti-avoidance rules |
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Exceptions for some settled reversions |
Specific British Government Securities cont'd
Exclusion of interest |
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Exclusion of repayment of Income Tax |
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Reversionary interest in exempt securities |
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Exempt securities in unadministered estates |
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Exempt securities as partnership assets |
Certain specific savings held by taxpayers in Channel Islands or Isle of Man
Certain specific savings held by taxpayers in Channel Islands or Isle of Man |
Specific property of visiting forces and staff of Allied Headquarters
Introduction |
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Assets excluded |
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Qualifying persons |
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List of designated countries |
