You will need to consider the relief when there is more than one
claim to inheritance tax on the same property.
In particular, for transfers on or after 18 March 1986, when
the following circumstances occur
PETs (IHTM14701)
A PET becomes a chargeable transfer and the property
transferred by the PET has returned to the transferor and is
included in his death estate.
GWRs (IHTM14711)
There is a lifetime claim on a gift which is also a GWR and
is therefore also treated as forming part of the death estate.
Disallowed debts (IHTM14721)
There is a lifetime claim and the transferee has made a loan
to the transferor which is a liability of the transferor’s
estate at his death but which is not deductible for IHT because of
FA86/S103 .
Immediately chargeable transfers (IHTM14730)
There is an immediately chargeable lifetime transfer and the
property transferred has returned to the transferor and is included
in his death estate.
