Securities falling within the specialty rule includes Treasury
Bills and British Savings Bonds. (IHTM27078)
Although no actual bonds are in existence holders receive a
bond book or, in some cases, a certificate. When the person
beneficially entitled to these bonds is domiciled outside the UK,
the bonds are regarded for Inheritance Tax purposes as situated
outside the UK at any time that the bond book or certificate is
situated outside the UK.
National Savings Income Bonds, however, are securities
registered on the National Savings Stock Register and as such are
situate in the UK.
(This text has been withheld because of exemptions in the
Freedom of Information Act 2000)
