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).