IHTM04000 - How Inheritance Tax is charged: contents

1. IHTM04001

   Summary
2. IHTM04010

   History
3. IHTM04021

   Structure of the charge: Main charging provisions
4. IHTM04022

   Structure of the charge: How a disposition becomes a chargeable transfer
5. IHTM04023

   Structure of the charge: What is a disposition?
6. IHTM04024

   Structure of the charge: What is a transfer of value?
7. IHTM04025

   Structure of the charge: What is a deemed transfer of value?
8. IHTM04026

   Structure of the charge: What is an exempt transfer?
9. IHTM04027

   Structure of the charge: What is a chargeable transfer?
10. IHTM04028

    Structure of the charge: What is the value transferred?
11. IHTM04029

    Structure of the charge: What makes up a person's estate?
12. IHTM04030

    Structure of the charge: What is property?
13. IHTM04031

    Structure of the charge: What is meant by beneficially entitled?
14. IHTM04032

    Structure of the charge: How the meaning of estate is extended
15. IHTM04033

    Structure of the charge: How the meaning of estate is restricted
16. IHTM04034

    Structure of the charge: What is a general power?
17. IHTM04035

    Structure of the charge: What is general power property?
18. IHTM04036

    Dormant Asset Scheme
19. IHTM04041

    Transfers on death: The charging provisions
20. IHTM04042

    Transfers on death: Deemed transfer on death
21. IHTM04043

    Transfers on death: What makes up the estate on death?
22. IHTM04044

    Transfers on death: What is the value transferred on death?
23. IHTM04045

    Transfers on death: Valuing property together
24. IHTM04046

    Transfers on death: Changes in value by reason of death
25. IHTM04051

    Lifetime transfers: The charging provisions
26. IHTM04052

    Lifetime transfers: What is mean by a person?
27. IHTM04053

    Lifetime transfers: What is mean by an individual?
28. IHTM04054

    Lifetime transfers: The loss to the transferor's estate
29. IHTM04055

    Lifetime transfers: Loss to estate greater than the value of property given
30. IHTM04056

    Lifetime transfers: Loss to estate less than the value of property given
31. IHTM04057

    Lifetime transfers: What is a potentially exempt transfer?
32. IHTM04058

    Lifetime transfers: When is a gift made to another individual or specified trust?
33. IHTM04059

    Lifetime transfers: When does property become comprised in the estate of an individual?
34. IHTM04060

    Lifetime transfers: When is the value of another individual's estate increased?
35. IHTM04061

    Lifetime transfers: Transfers that cannot be potentially exempt transfers
36. IHTM04062

    Lifetime transfers: Woodlands subject to a deferred Estate Duty charge
37. IHTM04063

    Lifetime transfers: Deemed transfers that are potentially exempt transfers
38. IHTM04064

    Lifetime transfers: Deemed potentially exempt transfers
39. IHTM04065

    Lifetime transfers: Purchase of a policy linked with an annuity
40. IHTM04066

    Lifetime transfers: What is the value transferred by a potentially exempt transfer?
41. IHTM04067

    Lifetime transfers: What is an immediately chargeable transfer?
42. IHTM04068

    Lifetime transfers: Transfer of value by a close company
43. IHTM04069

    Lifetime transfers: Alteration in share capital of a close company
44. IHTM04070

    Lifetime transfers: What is the value transferred by an immediately chargeable transfer?
45. IHTM04071

    Lifetime transfers: Introduction to Gifts with Reservation (GWR)
46. IHTM04072

    Lifetime transfers: The charging provisions for GWRs
47. IHTM04073

    Lifetime transfers: What is the value transferred by a GWR?
48. IHTM04081

    Settled property: Introduction
49. IHTM04082

    Settled property: The charging provisions for an interest in possession trust on death
50. IHTM04083

    Settled property: The charging provisions for an interest in possession trust during lifetime
51. IHTM04084

    Settled property: The charge where an interest in possession comes to an end
52. IHTM04085

    Settled property: The charge where an interest is possession is disposed of
53. IHTM04086

    Settled property: The charge where the value of settled property is reduced
54. IHTM04087

    Settled property: Changes to settled property where IHT is not charged on an interest in possession trust
55. IHTM04088

    Settled property: The charge where an interest in possession comes to end following a potentially exempt transfer
56. IHTM04089

    Settled property: The charge where a both a close company and an interest in possession are involved
57. IHTM04090

    Settled property: Transfer of value by a close company apportioned to trustees
58. IHTM04091

    Settled property: Alteration in a close company's capital apportioned to trustees
59. IHTM04092

    Settled property: The charge where a close company is entitled to an interest in possession
60. IHTM04093

    Settled property: What is the value transferred when an interest in possession ceases?
61. IHTM04094

    Settled property: What valuation issues when an interest is possession ceases
62. IHTM04095

    Settled property: The charging provisions for discretionary trusts
63. IHTM04096

    Settled property: Charges on property held in discretionary trusts
64. IHTM04097

    Settled property: What is value of property held in discretionary trusts on which tax is charged?
65. IHTM04098

    Settled property: Charges on special trusts
66. IHTM04099

    Settled property: Charges on accumulation and maintenance trusts
67. IHTM04100

    Settled property: Charges on employee and newspaper trusts
68. IHTM04101

    Settled property: Charges on protective trusts
69. IHTM04102

    Settled property: Charges on trusts for disabled persons
70. IHTM04103

    Settled property: Charges on temporary charitable trusts
71. IHTM04104

    Settled property: Maintenance funds for historic buildings
72. IHTM04111

    Heritage property: Summary
73. IHTM04112

    Heritage property: When a charge to tax arises
74. IHTM04113

    Heritage property: Chargeable events under s.32
75. IHTM04114

    Heritage property: Exceptions to the charge under s.32
76. IHTM04115

    Heritage property: Chargeable events under s.32A
77. IHTM04116

    Heritage property: Exceptions to the charge under s.32A
78. IHTM04117

    Heritage property: Special situations
79. IHTM04118

    Heritage property: Double charges
80. IHTM04121

    Woodlands: Summary
81. IHTM04122

    Woodlands: The deferred charge
82. IHTM04141

    Property excluded from charge: Provisions which exclude the Inheritance Tax Act
83. IHTM04151

    Property excluded from charge: Dispositions that are not transfers of value: Introduction
84. IHTM04200

    Property excluded from charge: Dispositions that are not transfers of value: Dispositions by close companies for the benefit of employees
85. IHTM04210

    Property excluded from charge: Dispositions that are not transfers of value: Waiver or repayment of an amount of remuneration
86. IHTM04220

    Property excluded from charge: Dispositions that are not transfers of value: Waiver of dividends
87. IHTM04230

    Property excluded from charge: Dispositions that are not transfers of value: Grant of an agricultural tenancy
88. IHTM04240

    Property excluded from charge: Dispositions that are not transfers of value: Changes in the distribution of the deceased's estate
89. IHTM04250

    Property excluded from charge: Dispositions that are not transfers of value: Refund to trustees of Income Tax repayments received by settlor
90. IHTM04161

    Property excluded from charge: Dispositions not intended to confer bounty: Outline of s.10
91. IHTM04162

    Property excluded from charge: Dispositions not intended to confer bounty: Application of the relief
92. IHTM04163

    Property excluded from charge: Dispositions not intended to confer bounty: S.10 qualified or excluded
93. IHTM04164

    Property excluded from charge: Dispositions not intended to confer bounty: Definitions
94. IHTM04165

    Property excluded from charge: Dispositions not intended to confer bounty: First condition - gift not intended
95. IHTM04166

    Property excluded from charge: Dispositions not intended to confer bounty: Second condition - arm's length transaction
96. IHTM04167

    Property excluded from charge: Dispositions not intended to confer bounty: Application to settled property
97. IHTM04171

    Property excluded from charge: Dispositions for the maintenance of the transferor's family: Outline of s.11
98. IHTM04172

    Property excluded from charge: Dispositions for the maintenance of the transferor's family: Definitions
99. IHTM04173

    Property excluded from charge: Dispositions for the maintenance of the transferor's family: Maintenance of a spouse of civil partner
100. IHTM04175

     Property excluded from charge: Dispositions for the maintenance of the transferor's family: Maintenance, etc., of the transferor's children
101. IHTM04176

     Property excluded from charge: Dispositions for the maintenance of the transferor's family: Maintenance, etc., of other people's children
102. IHTM04177

     Property excluded from charge: Dispositions for the maintenance of the transferor's family: Care and maintenance of a dependent relative
103. IHTM04178

     Property excluded from charge: Dispositions for the maintenance of the transferor's family: Meaning of a dependent relative
104. IHTM04179

     Property excluded from charge: Dispositions for the maintenance of the transferor's family: Meaning on incapacity
105. IHTM04180

     Property excluded from charge: Dispositions for the maintenance of the transferor's family: Dispositions satisfying s.11 in part
106. IHTM04181

     Property excluded from charge: Dispositions for the maintenance of the transferor's family: Application to settled property
107. IHTM04191

     Property excluded from charge: Dispositions allowable for income tax or conferring retirement benefits: Outline of s.12
108. IHTM04192

     Property excluded from charge: Dispositions allowable for income tax or conferring retirement benefits: Deductions allowable for income tax
109. IHTM04193

     Property excluded from charge: Dispositions allowable for income tax or conferring retirement benefits: Provision by employers for employee's retirement
110. IHTM04251

     Property excluded from charge: Excluded property: Introduction
111. IHTM04260

     Property excluded from charge: Excluded property: Foreign 'unsettled' property
112. IHTM04261

     Property excluded from charge: Excluded property: Savings of individuals domiciled in Channel Islands or Isle of Man
113. IHTM04262

     Property excluded from charge: Excluded property: Holdings in Open End Investment Companies (OEICs) and Authorised Unit Trusts (AUT)
114. IHTM04263

     Property excluded from charge: Excluded property: Decorations, medals and awards
115. IHTM04271

     Property excluded from charge: Foreign settled property: Introduction
116. IHTM04272

     Property excluded from charge: Foreign settled property: When the settlement was made
117. IHTM04273

     Property excluded from charge: Foreign settled property: The settlor's domicile
118. IHTM04274

     Property excluded from charge: Foreign settled property: Identifying the settled property
119. IHTM04281

     Property excluded from charge: Reversionary interests: Introduction
120. IHTM04282

     Property excluded from charge: Reversionary interests: Purchased reversions
121. IHTM04283

     Property excluded from charge: Reversionary interests: Reversion under own or spouse's/civil partner's settlement
122. IHTM04284

     Property excluded from charge: Reversionary interests: Lease for life
123. IHTM04285

     Property excluded from charge: Reversionary interests: Interest subject to an annuity
124. IHTM04286

     Property excluded from charge: Reversionary interests: Reversions and foreign issues
125. IHTM04291

     Property excluded from charge: Government securities in foreign ownership: Introduction
126. IHTM04293

     Property excluded from charge: Government securities in foreign ownership: Exclusion from the IHT charge
127. IHTM04294

     Property excluded from charge: Government securities in foreign ownership: Type of security and ownership
128. IHTM04295

     Property excluded from charge: Government securities in foreign ownership: Ordinary residence
129. IHTM04296

     Property excluded from charge: Government securities in foreign ownership: Domicile
130. IHTM04297

     Property excluded from charge: Government securities in foreign ownership: Close company with an interest in possession
131. IHTM04298

     Property excluded from charge: Government securities in foreign ownership: Relevant property trusts and FOTRA gilts
132. IHTM04299

     Property excluded from charge: Government securities in foreign ownership: Conversion to FOTRA gilts and the relevant property trust charge
133. IHTM04300

     Property excluded from charge: Government securities in foreign ownership: Anti-avoidance provsions
134. IHTM04301

     Property excluded from charge: Government securities in foreign ownership: Exclusion of interest on FOTRA gilts
135. IHTM04302

     Property excluded from charge: Government securities in foreign ownership: Exclusion of repayment of Income Tax on FOTRA gilts
136. IHTM04303

     Property excluded from charge: Government securities in foreign ownership: Reversionary interest in FOTRA gilts
137. IHTM04304

     Property excluded from charge: Government securities in foreign ownership: FOTRA gilts in unadministered estates
138. IHTM04305

     Property excluded from charge: Government securities in foreign ownership: FOTRA gilts as partnership assets
139. IHTM04306

     Property excluded from charge: Government securities in foreign ownership: List of FOTRA securities in issue at 5 April 1998
140. IHTM04321

     Property excluded from charge: Property of visiting forces: Introduction
141. IHTM04322

     Property excluded from charge: Property of visiting forces: Qualifying persons
142. IHTM04323

     Property excluded from charge: Property of visiting forces: Protection of domicile and residence
143. IHTM04324

     Property excluded from charge: Property of visiting forces: Designated countries
144. IHTM04331

     Property excluded from charge: Value left out of account: Introduction
145. IHTM04360

     Property excluded from charge: Value left out of account: Settled property to which the settlor's spouse, civil partner, widow(er) or surviving civil partner is entitled
146. IHTM04380

     Property excluded from charge: Value left out of account: Foreign currency bank accounts
147. IHTM04390

     Property excluded from charge: Value left out of account: Overseas pensions
148. IHTM04410

     Property excluded from charge: Value left out of account: Interest in possession as remuneration for services as trustee
149. IHTM04341

     Property excluded from charge: Estate Duty surviving spouse exemption: Introduction
150. IHTM04343

     Property excluded from charge: Estate Duty surviving spouse exemption: Application on death
151. IHTM04344

     Property excluded from charge: Estate Duty surviving spouse exemption: Application to lifetime events
152. IHTM04345

     Property excluded from charge: Estate Duty surviving spouse exemption: Procedures where relief is due
153. IHTM04346

     Property excluded from charge: Estate Duty surviving spouse exemption: Procedures where relief is not due
154. IHTM04351

     Property excluded from charge: Reverter to settlor: Introduction
155. IHTM04352

     Property excluded from charge: Reverter to settlor: Limitations to the relief
156. IHTM04353

     Property excluded from charge: Reverter to settlor: Statutory restrictions
157. IHTM04371

     Property excluded from charge: Woodlands: Summary
158. IHTM04373

     Property excluded from charge: Woodlands: The conditions for relief
159. IHTM04374

     Property excluded from charge: Woodlands: The death estate
160. IHTM04375

     Property excluded from charge: Woodlands: The election
161. IHTM04376

     Property excluded from charge: Woodlands: Beneficial entitlement under special types of interest
162. IHTM04377

     Property excluded from charge: Woodlands: European Economic Area (EEA) - deaths on or after 22 April 2009
163. IHTM04378

     Property excluded from charge: Woodlands: European Economic Area (EEA) - retrospective application for deaths before 22 April 2009
164. IHTM04421

     Property excluded from charge: Compensation for wrongs suffered during World War II: Ex-gratia payment to Britons held as prisoners of war by the Japanese
165. IHTM04422

     Property excluded from charge: Compensation for wrongs suffered during World War II: Payments to slave or forced labourers or other victims of the German Nationalist Socialist (Nazi) regime
166. IHTM04423

     Property excluded from charge: Compensation for wrongs suffered during World War II: How to apply the relief
167. IHTM04441

     Legal background: The concept of beneficial ownership (England, Wales & Northern Ireland)
168. IHTM04442

     Legal background: Connected persons
169. IHTM04470

     Legal background: The meaning of 'property'
170. IHTM04451

     Legal background: Estate Duty surviving spouse exemption: Introduction
171. IHTM04452

     Legal background: Estate Duty surviving spouse exemption: Duty treated as paid in full on the first death
172. IHTM04453

     Legal background: Estate Duty surviving spouse exemption: Restriction on exemption because of non-payment
173. IHTM04454

     Legal background: Estate Duty surviving spouse exemption: Part of fund not dutiable on the first death
174. IHTM04455

     Legal background: Estate Duty surviving spouse exemption: Treatment of income
175. IHTM04456

     Legal background: Estate Duty surviving spouse exemption: Payment of duty in respect of any settled property since the date of the settlement
176. IHTM04457

     Legal background: Estate Duty surviving spouse exemption: Meaning of 'competent to dispose'
177. IHTM04458

     Legal background: Estate Duty surviving spouse exemption: Powers where the person is competent to dispose
178. IHTM04459

     Legal background: Estate Duty surviving spouse exemption: Powers where the person is not competent to dispose
179. IHTM04460

     Legal background: Estate Duty surviving spouse exemption: Powers exercisable to will of deed
180. IHTM04461

     Legal background: Estate Duty surviving spouse exemption: Power to appropriate capital
181. IHTM04462

     Legal background: Estate Duty surviving spouse exemption: Benefits under intestacy (England & Wales)
182. IHTM04463

     Legal background: Estate Duty surviving spouse exemption: Benefits under intestacy and legal rights (Scotland)
183. IHTM04464

     Legal background: Estate Duty surviving spouse exemption: Examples of competency to dispose
184. IHTM04465

     Legal background: Estate Duty surviving spouse exemption: Meaning of 'parties to a marriage'
185. IHTM04311

     Property excluded from charge: Finance (No 2) Act 2017 changes: UK residential property
186. IHTM04312

     Property excluded from charge: Finance (No 2) Act 2017 changes: close companies and partnerships
187. IHTM04313

     Property excluded from charge: Finance (No 2) Act 2017 changes: relevant loans
188. IHTM04314

     Property excluded from charge: Finance (No 2) Act 2017: disposals of company interests, partnership interests, relevant loans and repayments of relevant loans
189. IHTM04315

     Property excluded from charge: Finance (No 2) Act 2017 changes: double taxation arrangements
190. IHTM04316

     Property excluded from charge: Finance (No 2) Act 2017 changes: targeted anti-avoidance rule and Inland Revenue charge
191. IHTM04317

     Property excluded from charge: Finance (No 2) Act 2017 changes: commencement provisions