IHTM35172 - Compliance with a testator's
request: what you should do if you are notified of a transfer
You should satisfy yourself that the transfer meets the
requirements (
IHTM35171) to fall within IHTA84/S143.
Where it does the IHT implications are that
- the IHTA applies (and so tax is charged or
exemption given) as if the property transferred had been bequeathed
by the testator's Will to the transferee, and
- the transfer is not a transfer of value,
IHTA84/S17 (b).
